USD/JPY retreats and approaches 102.00

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Córdoba) - The USD/JPY weakened after Wall Street opening bell and recently printed a fresh session low at 102.10. The pair currently trades at 102.04, near the bottom of the American session buts still a few pips above yesterday's closing price.



The pair found resistance earlier at 102.45 and lost upside momentum. Better-than-expected data in the US, with a decline in initial jobless claim didn’t push the pair to the upside.



USD/JPY levels to consider

For the coming hours, the immediate support below 102.10, lies at 102.00 an below here at 102.85 and 101.75/80 (August 6 low). To the upside,immediate resistance now could be seen around 102.20 and above between 102.35 - 102.45 (daily highs).



Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key
    Forex News

    Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. USD/JPY consolidates below 118.00
    Forex News

    USD/JPY consolidates below 118.00

Trading Center