USD/JPY stays comatose despite upbeat US GDP

By FXStreet USD/JPY remains comatose just above 113.00 levels despite upward revision of US Q4 GDP as volumes remain thin on account of trading holiday.

Weekly gain is a done deal

At 113.08, the pair is trading well above this week’s opening price of 111.54 levels. There are no more data releases due now and thus volumes are likely to dry up even further. Hence, weekly gain is now a done deal.

Pair clocked a high of 113.32 today earlier today, before falling back to 113.00 levels, where it stays comatose despite upward revision of the US Q4 GDP.

USD/JPY Technical Levels

The immediate hurdle is seen at 113.64 (rising trend line on the daily chart), above which the spot could target 113.98 (23.6% of 75.56-125.86). Conversely, acceptance below 113.00 handle would shift risk in favor a drop to 112.22 (Mar 9 low).
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Source:: FX Street