USD/JPY rejected from 101.92- FXStreet

By FXstreet.com | July 25, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that the USD/JPY has been rejected from 101.92, 200 DMA, and is sliding despite general dollar strength.

Key quotes

“The hourly chart however, suggest current movement is corrective, as 100 SMA cross over 200 one both in the 101.50 price zone, while indicators head lower but hold in positive ground.”



“In the 4 hours chart technical readings maintain a positive tone as momentum heads higher above its midline, with buyers probably surging on approaches to 101.60 price zone.”



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