USD/JPY steady around 101.50

By FXstreet.com | Updated July 30, 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.



You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  2. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  3. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  4. Forex News

    USD/JPY rises to 1-week highs

  5. Forex News

    USD/JPY: heading to 121.85? - Scotiabank

Trading Center