USD/JPY hits fresh lows below 102.00

By FXstreet.com | June 12, 2014 AAA

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.



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