USD/JPY ends week higher

By FXstreet.com | Updated July 25, 2014 AAA

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

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

  2. Forex News

    Bullish USD/JPY Outlook Vulnerable to Less-Hawkish Fed, Dismal US GDP

  3. Forex News

    USD/JPY is finishing a choppy week below 20DMA resistance

  4. Forex News

    How Volume and Sentiment Points Towards USDJPY Decline

  5. Forex News

    USD/JPY testing 118.00

Trading Center