USD/JPY holding onto the 102 in the open

By FXstreet.com | Updated August 06, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 102.06, down -0.04% on the day, having posted a daily high at 102.17 and low at 102.03.



USD/JPY is still pressing on the 102 handle and still comes with a bearish bias in an uneventful Asian session thus far. With the Nikkei opening down 0.14%, there are no great shakes and we simply await for action else where that could shake up the USD yet again and transpire across various majors. The BoJ is the only real risk event for Japan this week bar the ongoing affects that geopolitical events are having on the Japanese currency acting as a safe haven in unfriendly environment for the greenback.



USD/JPY Levels



Spot is presently trading at 102.11, and next resistance can be seen at 102.22 (Daily 200 SMA), 102.31 (Hourly 20 EMA), 102.80, 103.10 and 103.40. Next support to the downside can be found at 102.10 (Daily Open), 102.08 (Low), 101.90 (Daily Classic S3) and 101.60.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY wobbling around 109.00
    Forex News

    USD/JPY wobbling around 109.00

  2. Dollar Charges to Multi Week Highs on Strong US GDP Data
    Forex News

    Dollar Charges to Multi Week Highs on Strong US GDP Data

  3. USD/JPY briefly rises after mixed US data
    Forex News

    USD/JPY briefly rises after mixed US data

  4. Ranges Persist in USD-Pairs Post-FOMC Meeting
    Forex News

    Ranges Persist in USD-Pairs Post-FOMC Meeting

  5. Nikkei ends at a three-week high
    Forex News

    Nikkei ends at a three-week high

Trading Center