USD/JPY settled up and awaits Japanese trade and CPI

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 101.53, up 0.07% on the day, having posted a daily high at 101.56 and low at 101.32.



USD/JPY doesn’t give us much so far this session and it retains the slow pace that we have seen in Asian and European session. Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that. News flow was limited as the market looks towards the release of Japanese trade data today and CPI tomorrow."



USD/JPY Levels



Current price is 101.54, with resistance ahead at 101.56 (Daily High), 101.60 (Daily 20 SMA) and 101.67 (Weekly High). Next support to the downside can be found at 101.47 (Hourly 200 SMA), 101.44 (Hourly 20 EMA) and 101.30/10.



You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

  2. Forex News

    Bullish USD/JPY Outlook Vulnerable to Less-Hawkish Fed, Dismal US GDP

  3. Forex News

    USD/JPY is finishing a choppy week below 20DMA resistance

  4. Forex News

    How Volume and Sentiment Points Towards USDJPY Decline

  5. Forex News

    USD/JPY testing 118.00

Trading Center