USD/JPY retreats and approaches 102.00

By FXstreet.com | 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).



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