USD/JPY muted after PPI data; yet at 101.80

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - The USD/JPY continues to trade at 1-week highs around 101.80 after a somehow bullish European session that drove the pair from 101.60 to current levels.



However, the volatility is not the best friend now and the pair remains to price at the same pre-data levels. Currently, USD/JPY is trading at 101.76, up 0.08% on the day, having posted a daily high at 101.81 and low at 101.63.



USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.



USD/JPY sentiment



Matt Bacon-Hall from FXBeat comments: "Not a lot to go by really, with stronger equities no doubt helping the bid tone. Order wise, we see offers 101.80-90, with bids below 101.45-55."



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key
    Forex News

    Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. USD/JPY consolidates below 118.00
    Forex News

    USD/JPY consolidates below 118.00

Trading Center