USD/JPY remains in the lull post US pull back

By FXstreet.com | August 05, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 102.60, up 0.01% on the day, having posted a daily high at 102.64 and low at 102.58.



The Yen remains in the 102.60 region post the drop in US hours from highs in 102.90 when US yields took a hit and declined sending the dollar lower. Meanwhile, daily RSI is in neutral territory at 63.10. On the hourly USD/JPY chart, the 200 SMA is climbing and currently at 102.60, up from the previous hour close at 102.31.



USD/JPY Levels



Current price is 102.60, with resistance ahead at 102.72 (Hourly 100 SMA), 102.80, 103.10 and 103.40. Next support to the downside can be found at 102.35, 101.95 and 101.60.



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