USD/JPY recovers and holds above 102.00

By FXstreet.com | Updated August 06, 2014 AAA

FXStreet (Córdoba) - The ">USD/JPY stabilized above 102.00 after bouncing from 101.77, 1-week low. Earlier the pair dropped sharply in a few minutes from 102.35 to 101.77 and then recovered ground.



The move from the lows found resistance at 102.15 and currently trades at 102.06, down 60 pips from today's opening price. Greenback is about to post the lowest daily close since July 28.



Activity in the currency market remained steady in the last hours following the bearish rally of the US dollar across the board during the American session.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Expect Heavy Seas Between NFPs, ECB and RBA

  2. Forex News

    US Dollar Likely to Reverse versus Japanese Yen in Week Ahead

  3. Forex News

    USD/JPY: Looking constructive for above 120.00 - TDS

  4. Forex News

    USD/JPY to close its seventh positive month since July; +200 pips monthly gain

  5. Forex News

    USD/JPY extends gains to 3-day high

Trading Center