FXStreet (Córdoba) - The USD/JPY dropped further and fell to 101.79, reaching the lowest price since June 2. Currently the pair trades at 101.80, down 0.20% for the day, holding at the lows as the US dollar weakens further across the board.



US Treasury yields found resistance at the beginning of the week and has fallen in the last two days, favoring the Yen in the market.



USD/JPY keeps falling



The pair is headed toward the third daily loss in a row, accumulating a decline of a hundred pips and is back below the 20-day moving average. The US dollar could post the first daily close below 102.00 since the beginning of the month.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY Technical Analysis: Yen Hits Lowest Since 2002

  2. Forex News

    USD/JPY strives for 124

  3. Forex News

    Yen strongest in Asia on upbeat CPI, German Retail Sales, US Q1 GDP - Key Events

  4. Forex News

    USD/JPY off fresh lows, near 123.70,

  5. Forex News

    USD/JPY: 123.65 is key support on bears 4hrs sticks - FXStreet

Trading Center