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Forex pairs in this Article » USD/JPY (New York) - The USD/JPY foreign exchange rate recently retreated off its highs at 100.16, easing during US trading Thursday.

USD/JPY unable to breach 100.00

In these moments Thursday, the USD/JPY is now trading at 100.01, having moved +0.11% above it’s opening. analysts identify the next short-term measures of resistance at 100.74, then 101.57, and eventually 102.31. Meanwhile, support lies below at 99.17, onto 98.43, and 97.60.

USD/JPY pullback likely

According to the Karen Jones, an analyst at Commerzbank, “The USD/JPY has temporarily topped just ahead of the previous uptrend, which now acts as resistance at 101.27. We also note the 13 count on the 240-minute chart – all 3 suggest that we should see initial failure here.”
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