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

By FXstreet.com | Updated July 30, 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.



You May Also Like

Related Forex Analysis
  1. Forex News

    USD/JPY: heading to 121.85? - Scotiabank

  2. Forex News

    USD/JPY sighted for a bullish 2015 post BoJ

  3. Forex News

    USD/JPY: Caution getting long here - BTMU

  4. Forex News

    Dollar firm as correction ends – BBH

  5. Forex News

    USD/JPY consolidates at weekly highs

Trading Center