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 better bid above 124 as treasury yields rebound

  2. Forex News

    USD/JPY: bulls compromised on commodity weakness

  3. Forex News

    USD/JPY finds support at 123.85; back to test

  4. Forex News

    US Dollar Set for Big Moves - Here are the Strategies We’re Watching

  5. Forex News

    USD/JPY retreats after US data

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!