USD/JPY finds support above 102.10

By FXstreet.com | 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.



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