Third time’s a charm. USD/JPY finally broke the magical 100 line, that worked as fierce resistance and as a double top in recent weeks.
It made the break in a relatively odd hour: during the US session, after Europe had already gone home. One would expect a more liquid hour such as the overlap between the US and European sessions, or during the Asian session.
Update: USD/JPY is already close to the next resistance line: 101.44.
The pair began its rise after the excellent jobless claims report from the US and climbed back above 99. It later made a second surge, after the European close. For more, here is the USDJPY forecast and a live chart of USD/JPY:
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More: AUD/USD nears parity on the dollar’s storm.
More 2: EUR/USD loses 1.30.
