USD/JPY is trying to settle back above the 149.00 level

news_22_feb_1_usd_jpy-U.S. Dollar Index gains ground as traders react to Initial Jobless Claims report. The report showed that 223,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 224,000.

The nearest resistance level for U.S. Dollar Index is located in the 104.30 – 104.50 range. A move above the 104.50 level will push U.S. Dollar Index towards the next resistance at 105.50 – 105.70.

USD/JPY Tests Resistance At 149.00 – 149.50

USD/JPY gains some ground despite the pullback in Treasury yields. Traders focus on general strength of the American currency.

A successful test of the resistance at 149.00 – 149.50 will push USD/JPY towards the next resistance level at 152.00 – 152.50.

USD/JPY


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