FXStreet (San Francisco) - The USD/JPY is extending is decline after the worst-than-expected jobless claims data in US. Following a 30-pip decline, the pair broke 101.60 level and now it is testing the 101.50 area.



Currently, USD/JPY is trading at 101.58, down -0.28% on the day, having posted a daily high at 101.88 and low at 101.49, lowest since May 29. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



USD/JPY levels



If the pair manages to break below the 101.50, it would face further supports at 101.40 and 101.10. On the upside, if the pair bounces at 101.50, next resistances are at 101.60, where it is trading now, 101.80 and 101.95.



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