USD/JPY losing little traction within realms of 102

By FXstreet.com | July 03, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 102.14, down -0.03% on the day, having posted a daily high at 102.27 and low at 102.12.



USD/JPY has lost the stability that 102.20 had been giving the pair and is trickling into no mans land although while still holding onto the 102 handle. It may likely be a benign move in such a quiet market but worth all the same noting that even so, its perhaps looking a little heavy up here, and the payrolls data alone is unlikely to be enough to shift the Fed into another gear just yet. US Markets are out but there is some to play for next week with the FOMC minutes on an otherwise quiet looking week data wise for the pair.



USD/JPY Levels



Current price is 102.14, with resistance ahead at 102.18 (Daily 100 SMA), 102.19 (Weekly High), 102.19 (Daily Open), 102.27 (Daily High) and 102.30 (Yesterday's High). Next support to the downside can be found at 102.12 (Daily Low), 102.10 (Hourly 20 EMA), 102.08 (Daily Classic PP), 101.96 (Weekly Classic R1) and 101.88 (Daily 20 SMA).



comments powered by Disqus
Related Forex Analysis
  1. Trading Video: Gauging the Dominant Dollar, Yen and S&P 500 Trends
    Forex News

    Trading Video: Gauging the Dominant Dollar, Yen and S&P 500 Trends

  2. Strategy Video: The Process of Trend Reversals
    Forex News

    Strategy Video: The Process of Trend Reversals

  3. Session Recap: JPY retreats as risk appetite improves
    Forex News

    Session Recap: JPY retreats as risk appetite improves

  4. Russia Announces FX Repo: USD/RUB Finds Support in Bullish Channel
    Forex News

    Russia Announces FX Repo: USD/RUB Finds Support in Bullish Channel

  5. NZDUSD Next Leg Lower Around the Corner?
    Forex News

    NZDUSD Next Leg Lower Around the Corner?

Trading Center