USD/JPY falls to nearly 1-month low at 101.50

By FXstreet.com | June 26, 2014 AAA

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.



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing
    Forex News

    USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing

  3. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  4. USD/JPY anchored on 108 handle
    Forex News

    USD/JPY anchored on 108 handle

  5. USD/JPY Remains Capped by Former Support Ahead of FOMC, BoJ Meeting
    Forex News

    USD/JPY Remains Capped by Former Support Ahead of FOMC, BoJ Meeting

Trading Center