USD/JPY steady around 101.50

By FXstreet.com | July 08, 2014 AAA

FXStreet (Córdoba) - The USD/JPY stabilized after dropping from 101.85 to 101.48, reaching the lowest price since July 2. During the American session the pair has remained steady moving in a small trading range between 101.57 and 101.50.



The Japanese currency is among the best performers amid falling US Treasury yield and as stocks drop in Europe and in Wall Street.



USD/JPY erases last week gains



The US dollar is about to post the third daily loss in a row against the Yen and continues to pullback after being unable to hold above 102.00. Price peaked last week after the NFP report at 102.26 but since then weakened and accelerated to the downside on Monday extending the movement today.



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