FXStreet (Córdoba) - The USD/JPY finished the week trading around 101.80/85, 50 pips above the price it closed seven days ago. Early on Monday the pair dropped to 101.18 but since then moved with an upside bias for the rest of the week.



On Friday after US economic data, peaked at 101.92, reaching a 2-week high and then bounced slightly to finish near the highs.



USD/JPY remains sideways



Despite rising, the US dollar continues to move without a clear trend against the Yen. The USD/JPY has a strong support above 100.70 while the upside remains limited. During the last four months Greenback made lower highs and the last time traded above 102.00 was three weeks ago.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Kiwi strongest in Asia, UK Prelim Q2 GDP - Key

  2. Forex News

    USD/JPY swings back higher to 123.50

  3. Forex News

    Risk Aversion Builds Pace, Pound Faces Volatility on UK GDP Data

  4. Forex News

    USD/JPY: Bears regain control, 123 on sight

  5. Forex News

    USD/JPY: Bulls offered support near 123.30

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!