FXStreet (Guatemala) - USD/JPY is currently trading at 102.12 on the open with the Nikkei down 0.02%.



It is a quiet start to the week without anything significant on the agenda for the pair today. The week ahead see’s just the FOMC minutes and trickle feed of second tier’s from Japan. Until then, it is worth noting that the pair is looking range bound between the 200 DMA and Ichimoku cloud base on 101.75/80 and cloud top 102.46.



USD/JPY Levels



With spot trading at 102.11, we can see next resistance ahead at 102.15 (Daily High), 102.18 (Daily 100 SMA), 102.19 (Weekly High), 102.25 (Daily Classic R1) and 102.27 (Yesterday's High) ahead of 102.46 cloud top. Support below can be found at 102.11 (Daily Classic PP), 102.09 (Daily Open), 102.08 (Hourly 20 EMA), 102.05 (Daily Low) and 101.97 (Yesterday's Low) before 200DMA at 101.78.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Japanese Yen: Up or Down? Next Week Holds the Keys

  4. Forex News

    USD/JPY rebounds back toward 124.00, unchanged for the week

  5. Forex News

    USD/JPY drops to 123.50 on weaker dollar

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!