USD/JPY stabilizes around 102.00

By FXstreet.com | June 11, 2014 AAA

FXStreet (Córdoba) - The USD/JPY fell on Wednesday for the second day in a row as the Yen strengthened across the board. The pair finished hovering around 102.00, posting the lowest close in a week.



After breaking below 102.20 momentum turned bearish, pushing the pair initially to 102.00 and then to 101.84 (June 11 low). Afterwards rebounded and rose toward 102.00, where it stabilized.



USD/JPY ahead of US data and BoJ



On Thursday important economic data from the US will be release with jobless claims and retail sales and on Friday, PPI numbers. In Japan the Bank of Japan will announced it decision on monetary policy on Friday. The mentioned numbers and events are likely to have an impact on the USD/JPY.



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