USD/JPY consolidating below 101.50

By FXstreet.com | June 27, 2014 AAA

FXStreet (Córdoba) - The USD/JPY continues to trade in ranges, with resistance below 101.45 and support above 101.30. The pair is headed toward the third daily loss in a row. The Yen is among the best performers on Friday as stocks in Wall Street remain mixed.



USD/JPY worst week since April



The US dollar is about to have the worst week since early April against the Yen, dropping more than 50 pips. The weekly close is among the lowest since the beginning of the year.



Despite the recent slide the USD/JPY still holds above 2014 lows that lie at 100.70; below here it would be trading at the lowest level since November 2013.



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