A flurry of economic releases yesterday, including the Philadelphia Federal Reserve Manufacturing Index and initial jobless claims exceeded the forecasts, which helped the US dollar to gain buyers. The dollar gained traction against the Japanese yen to trade above a monster resistance at 102.30. It was interesting that carry trade currencies got slammed during yesterday’s New York session despite talks of the U.S., Russia and European Union agreeing to a framework of steps to de-escalate tensions in Ukraine. AUDUSD, NZDUSD and EURUSD traded lower, and USDJPY traded higher. USD/JPY looks like has confirmed an ... (full story)