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. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low
    Forex News

    AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low

Trading Center