FXStreet (Córdoba) - The USD/JPY managed to rise past the 102.00 mark and hit fresh 3-week highs as the greenback gathers pace at the beginning of the American session.



The USD/JPY absorbed offers at the 102.00/04 zone, where the 100- and 200-day SMA converge, and climbed to a high of 102.11 before slowing a tad.



Latest string of US data had, little to say much, impact on the USD. At time of writing, the USD/JPY is trading at 102.05, 0.21% above its opening price.



USD/JPY technical levels



As for technical levels, next resistances could be found at 102.11 (Jul 29 high), 102.25 (Jul 3 high) and 102.35 (Jun 18 high). On the other hand, supports are seen at 101.70 (Jul 25 low), 101.55 (10-day SMA) and 101.40 (Jul 24 low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Euro Plunges as Greece Rejects EU Debt Deal at Referendum

  2. Forex News

    Yen surges in inter-bank trade as Greeks vote 'No'

  3. Forex News

    Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD

  4. Forex News

    Global Equity Markets Look Unsettled, China Is Tumbling

  5. Forex News

    USD/JPY supported at 122.60

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!