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

By FXstreet.com | July 08, 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.



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