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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Video: Chinese Shares Don’t Rally on Chinese Stimulus, Dollar Rebounds

  2. Forex News

    USD/JPY Technical Analysis: Yen Snaps Winning Streak

  3. Forex News

    USD/JPY: Consolidating above the pivot on 119 handle

  4. Forex News

    USD/JPY: 125 by year end? - Rabobank

  5. Forex News

    USD/JPY extends gains above 119.00

Trading Center