USD/JPY reaches 134.50

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Source: Dukascopy Bank SA


On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. The following surge had reached the late December high level zone 134.50.

A move above the resistance zone could be slowed down by the 135.00 and 135.50 levels. Higher above, note the weekly R3 simple pivot point at 135.84.

On the other hand, a decline of the US Dollar against the Yen is expected to look for support in the 134.00, 133.50 and 133.00 levels and the weekly R1 simple pivot point at 133.46. All of these levels impacted the rate during late Thursday's trading.
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