USD/JPY holding onto the 102 in the open

By FXstreet.com | 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.



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