USDJPY tests highs
The Dow is leading the charge the upside. The 30 industrial stocks are currently trading up 473 points or 1.64% at 29280.88. The high price just reached 29285.40. What Dow stocks are leading the charge?
- UnitedHealth is up 5.41%
- IBM is currently up 5.26%
- Exxon Mobil is up 4.37%
- Boeing is up 3.3%
- Bank of America is up 3.15%
- DuPont is up 3.09%
- Travelers is up 2.99%
- Chevron is up 2.99%
- Intel is up 2.84%
- 3M is up 2.86%
- Caterpillar is up 2.62%
That is a lot of stocks with gains of over 2.5% or more on the day.
The laggards in the Dow include:
- Merck and Company, -3.36%
- Walt Disney, -2.13%
- Nike, -0.64%
- Visa, -0.61%
- McDonald's, -0.01%
The S&P index is up 1.13% and the NASDAQ composite index is up a relatively modest 0.57% (but would close at a record)
The move to the upside has the USDJPY testing its session highs and highest level since January 22.
Looking at the hourly chart, the price low for the New York session did find support against the swing high from January 24 and January 23 at the 109.65 level (the low reached 109.64).
Helping the tone for the dollar was the higher ISM nonmanufacturing data which reached the highest level since August.
Another good day for stocks, and that is helping the USDJPY as well.
