FXstreet.com (San Francisco) - The Dollar has reacted up against the Japanese Yen after the better than expected Chicago PMI figure of 53.7 pts in July, above 52.9 in June. The USD/JPY rises from 78.10 to trade close to 78.30 in the last few minutes.
Currently the USD/JPY is trading at 78.21, 0.07% above today's opening price action. The technical analyst team at ICN.com isolates the next resistance levels at 78.30, 78.40, and finally 78.65. Conversely, the pair will encounter means of support at 78.10, 77.95, and ultimately 77.65.
