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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY steadied in a narrow range just above 103.00 during the European session as Friday's NFP and positive Chinese data failed to lift the pair above last week's highs.

The USD/JPY peaked at the 103.20 area at the weekly opening on the back of Chinese trade figures, but it failed to break above that level and came under mild pressure. Following a limited downward correction, the USD bounced from a low of 102.89 back to the 103.15 zone and it is currently trading at 103.05, a few pips above its opening price.

USD/JPY levels to watch

On the upside, the USD/JPY needs to break above 103.20 aiming for 103.38 (last week's high) en route to 103.72, 2013 high scored in May. Meanwhile, the pair could face supports at 102.89 (daily low) and 102.42 (100-hour SMA).
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