USD/JPY finds support at 102.30

By FXstreet.com | 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.



comments powered by Disqus
Related Forex Analysis
  1. SEB: EUR/USD sellers just above resistance - eFXnews
    Forex News

    SEB: EUR/USD sellers just above resistance - eFXnews

  2. USD/JPY shows another attempt to reach recent highs
    Forex News

    USD/JPY shows another attempt to reach recent highs

  3. EUR/GBP testing the range bottom before the UK data
    Forex News

    EUR/GBP testing the range bottom before the UK data

  4. What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
    Forex News

    What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

  5. GBP/USD attacks 1.63 area again
    Forex News

    GBP/USD attacks 1.63 area again

Trading Center