USD/JPY stuck around 102.00 - FXStreet

By FXstreet.com | June 12, 2014 AAA

FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik notes that USD/JPY remains stuck around the 102.00 level, having been unable to move anywhere far over the last 24 hours.



Key quotes



“The hourly chart shows 100 SMA crossing to the downside 200 one both above current price, while indicators head lower in neutral territory.”



“In the 4 hours chart a mild bearish tone prevails, albeit showing no directional strength, as indicators stand flat in negative territory.”



“Break below 101.70 is now required to confirm a leg lower, eyeing the 101.20/30 price zone.”



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