Dollar strength sends USD/JPY back above 102.00 - FXStreet

By | Updated July 30, 2014 AAA

FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik remarks, post-CPI dollar strength sent USD/JPY back above the 102.00 figure, with the hourly chart showing price advanced up to its 200 SMA where it halted.

Key quotes

“The hourly chart shows a strong upward momentum coming from technical readings, albeit this area has proved tough over the last few days.”

“In the 4 hours chart technical readings present a mild positive tone, yet some follow through past 102.35 is require to confirm a stronger advance in the short term. ”

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