USD/JPY steadies above 102.00

By FXstreet.com | July 04, 2014 AAA

FXStreet (Córdoba) - The USD/JPY pulled back from yesterday's post-nonfarm payrolls high and briefly dipped below the 102.00 mark before steadying in a range as markets head toward a long weekend in the US.



The USD/JPY reached a 2-week high of 102.25 Thursday as solid US employment data lifted the greenback across the board. However, the pair lacked momentum to extend gains further and slid throughout the Asian session to a low of 101.96.



At time of writing, the USD/JPY is trading at the 102.05, 0.12% below its opening price with trading expected to remain subdued as US markets are closed for the Independence Day.



USD/JPY levels to watch



As for technical levels, the pair could find next supports at 101.96 (Jul 4 low), 101.41 (Jul 2 low) and 101.29 (Jul 1 low). On the flip side, resistances are seen at 102.25 (Jul 3 high),
102.32 (Jun 18 high) and 102.56 (Jun 10 high).



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