USD/JPY finds support at 102.30

By FXstreet.com | Updated August 01, 2014 AAA

FXStreet (Córdoba) - The decline of the USD/JPY found support around the 102.30 area that capped the downside during the American session. Afterwards bounced slightly to the upside and currently trades at 102.55, down 0.25% for the day.



The japanese currency is among the best performer across the baord on Friday, boosted by the US employment report but is still posting weekly losses.



USD/JPY rally over?

The Yen is having the best day in two week against the US dollar. The pair rose constantly during the previous ten trading days, with the price climbing from 101.10 to 103.07. But it was unable to hold above 103.00 and pulled back on Friday, trimming weekly gains.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY hits session high after US GDP beats estimates

  2. Forex News

    USD/JPY maintains the range, upside move possible as risk aversion falls – Scotiabank

  3. Forex News

    USD/JPY struggles near technical resistance

  4. Forex News

    USD/JPY bounces in an attempt to 119.50

  5. Forex News

    USD/JPY eying 120.00 – FXStreet

Trading Center