USD/JPY trades above 101.70

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - Not a big move but the US Dollar rose 10 pips in the latest few minutes to trade at daily highs around 101.75 against the Japanese Yen.



Currently, USD/JPY is trading at 101.70, up 0.13% on the day, having posted a daily high at 101.75 and low at 101.45. USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.



USD/JPY levels



If the pair consolidates gains above 101.70, it would face next resistances at 101.80 and 101.90. On the downside, supports are at 101.60, 101.45 and 101.25.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Japan Tankan anemic as CapEx falls – TradeTheNews

  2. Forex News

    USD/JPY might remain capped at 120.37/82 – Commerzbank

  3. Forex News

    USD/JPY Technical Analysis: Channel Top Caps Upswing

  4. Forex News

    Risk-off Asia, EZ-UK PMIs to dominate

  5. Forex News

    Long USD/JPY, target 125 – BNPP

Trading Center