FXStreet (Guatemala) - USD/JPY is trading at 101.84, down 0.00% on the day, having posted a daily high at 101.89 and low at 101.82.



With the Nikkei up 0.23% the USD/JPY is working slowly with the analysts at TD Securities noting that the pair is pushing towards 102, “But there is little momentum here to speak of – more range trading looks likely for now”. Valeria Bednarik, chief analyst at FXStreet explained that risk to the downside will likely increase on a break below 101.60, but bulls may take their chances on an advance beyond the 102.00 mark.



USD/JPY Levels



Spot is presently trading at 101.85, 101.94 (Daily Classic R1), 102.35 and 102.80. Support below can be found at (Hourly 20 EMA), 101.75 (Yesterday's Low), 101.60, 101.20 and 101.05.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: A bullish scenario on 121 handle - UOB

  2. Forex News

    USD/JPY bulls looking for a break away

  3. Forex News

    USDJPY Reverses on News

  4. Forex News

    USD/JPY: bulls eyeing 122 – FXStreet

  5. Forex News

    USD/JPY sees more upside potential in the interim, key reasons – RBS

Trading Center