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Forex pairs in this Article » USD/JPY
FXStreet (Córdoba) - The USD/JPY continues to consolidate below the 102.00 mark at the beginning of the American session, having barely moved after the release of slightly higher than expected US imports and export prices.

US import prices rose 0.1% in January (-0.1% exp.) while exports prices grew 0.2% (0.0% exp.). The USD/JPY remains stuck in a narrow range below 102.00, after being rejected from the 102.40 area during the Asian trade. At time of writing, the USD/JPY is trading at the 101.80 zone, recording a 0.3% decline on the day.

USD/JPY technical perspective

"The recent rebound after the test of 101.70 support should be considered corrective, so the outlook here remains bearish, for a slide towards 100.70", said Stoyan Mihaylov, analyst at DeltaStock.com. "Crucial on the upside is 102.40".
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