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

    Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD

  2. Forex News

    Global Equity Markets Look Unsettled, China Is Tumbling

  3. Forex News

    USD/JPY supported at 122.60

  4. Forex News

    USD/JPY drops to 122.60

  5. Forex News

    USD/JPY: Will Yen find love on safe haven appeal?

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!