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.



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing
    Forex News

    USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing

  3. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  4. USD/JPY anchored on 108 handle
    Forex News

    USD/JPY anchored on 108 handle

  5. USD/JPY Remains Capped by Former Support Ahead of FOMC, BoJ Meeting
    Forex News

    USD/JPY Remains Capped by Former Support Ahead of FOMC, BoJ Meeting

Trading Center