USD/JPY weighing to the downside

By FXstreet.com | July 16, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 101.63, down -0.03% on the day, having posted a daily high at 101.71 and low at 101.61.



USD/JPY is a slow burner to the downside without anything on the docket other than the foreign bond investment came in at Yen 671.5B vs Yen just 249.1B previous supporting the JPY while foreign investment in Japanese Stocks cam in at Yen 160.09B vs Yen 330.9B. Meanwhile, the Nikkei is up 0.28% on the Tokyo open.



USD/JPY Levels



Spot is presently trading at 101.64, and next resistance can be seen at 101.67 (Daily Open), 101.68 (Weekly High), 101.70 (Hourly 20 EMA), (Daily Classic PP) and 101.71 (Daily High). Next support to the downside can be found at 101.63 (Hourly 200 SMA), (Yesterday's Low), 101.61 (Daily Low), 101.60 (Daily Classic S1) and 101.53 (Hourly 100 SMA).



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