USD/JPY settled up and awaits Japanese trade and CPI

By FXstreet.com | July 23, 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.



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