USD/JPY gains momentum after US economic data

FXStreet (Córdoba) - USD/JPY gained momentum after the release of US economic data and rose from 118.35 to 118.71. Overall the pair continues to move inside a range with support at 118.20 and resistance below 118.90.

Retail sales in the US climbed in November 0.7% surpassing expectation of a 0.4% increase while initial jobless claims declined modestly from 297.000 to 294.000.

Greenback remained mostly steady across the board despite the better-than-expected US economic.