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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?

  2. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  3. Forex News

    USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront

  4. Forex News

    USD/JPY: A bullish scenario on 121 handle - UOB

  5. Forex News

    USD/JPY bulls looking for a break away

Trading Center