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USD/JPY reclaims 152 handle after Durable goods orders but can it hold onto it?
The latest US durable goods orders have just been released and they were slightly better then forecast, or more rather, slightly less worse than expected. So, the USD/JPY has reacted on the topside and reclaimed the 152 handle. The high much earlier today at the start of the Asian session session was set at 152.11 and that remains intact for now. The high seen after the US data a moment ago was set at 152.09. So, now that the dollar has reclaimed the 152 handle, the question is can it hold it? Well, that is not clear, but the US treasury yields are higher now today and that was helping to lift the dollar leading into this data anyway. The USD/JPY has in fact, just backed off a bit, currently trading at 151.90
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