USD/JPY finds support above 102.10

By FXstreet.com | Updated August 15, 2014 AAA

FXStreet (Córdoba) - The USD/JPY tumbled from weekly highs at 102.71 and fell to 102.13, hitting the lowest price in three days. Risk aversion and falling government bond yields boosted the Yen in the currency market.



The decline from the highs found support above 102.10 and the USD/JPY bounced to the upside trimming losses. Currently trades at 102.30/35, less than 10 pips below the price it closed yesterday.



USD/JPY supported by 102.00

From the price it had a week ago, the USD/JPY is slightly higher. The rally of the US dollar lost steam around 102.700. On the positive side for Greenback, it has been the first time the pair traded above 102.00 all week since March.



Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key
    Forex News

    Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. USD/JPY consolidates below 118.00
    Forex News

    USD/JPY consolidates below 118.00

Trading Center