USD/JPY declines to daily lows ahead of US opening bell

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - The USD/JPY is testing nearly 1-week lows around 101.67 as the pair got a rejection at 101.85 overnight and now it is pricing around 101.70.



Currently, USD/JPY is trading down 0.16% on the day, having posted a daily high at 101.92 and low at 101.67. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.



USD/JPY levels



There are market's talks about buying interest around 101.70 while sell stops are seen at 101.50, 101.20 and 101.00.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: FOMC, GDP, Greece and Much More Ahead

  2. Forex News

    Japanese Yen to Look Past BOJ Decision, Focus on Greece and FOMC

  3. Forex News

    Trading Video: Sentiment, Dollar and Euro All At-Risk Next Week

  4. Forex News

    Strategy Video: Can We Still Trade Amid Central Banks, HFT, Exuberance

  5. Forex News

    USD/JPY: Bears in charge ahead of BoJ next week

Trading Center