USD/JPY breaks above 102.00

By FXstreet.com | July 29, 2014 AAA

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).



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