USD/JPY loses the 103.80 level after Canadian data

By FXstreet.com | August 22, 2014 AAA

FXStreet (San Francisco) - The US Dollar was extending its recovery from 103.50 versus the Japanese Yen to trade as high as 103.80; however the pair wasn't able to hold prices and following the Canadian inflation and retail sales report, it is now falling to 103.70.



Currently, USD/JPY is trading at 103.75, down -0.09% on the day, having posted a daily high at 103.97 and low at 103.50. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



USD/JPY levels



There are USD/JPY option expiries at today's New York cut reported at 103.10 ($350 mln),103.35 ($400 mln) and 104:00 (E450 mln) according to Gerry Davies from FXBeat.



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