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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/JPY under pressure, BoJ dissenter Kicuhi’s comments in focus – FXMarketAlerts

  2. Forex News

    USD flaunts its strength, AUD/USD consolidation ending – Kshitij Consultancy

  3. Forex News

    USD/JPY neutral, range-trade expected– UOB

  4. Forex News

    Asia Recap: AUD shaken within range, NZD weaker

  5. Forex News

    USD/JPY bounces in an attempt to 120.00

Trading Center