10 Apr 2014
USD/JPY rejected at 102.00; back to 101.60
FXStreet (San Francisco) - The USD/JPY's recovery from 101.40 was unable to extend the movement beyond the 102.00 level where the pair found resistance and it was launched back to price around 101.60.
The US data bullish injection over the USD/JPY wasn't strong enough to drive the pair to positive road on the day and currently the pair is trading at 101.63, down 0.35% on the day, having posted a daily high at 102.16 and low at 101.42.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels to watch
On the downside, supports are at 101.60 and 101.40. On the upside, next resistances would be at 102.10 and 102.20.
The US data bullish injection over the USD/JPY wasn't strong enough to drive the pair to positive road on the day and currently the pair is trading at 101.63, down 0.35% on the day, having posted a daily high at 102.16 and low at 101.42.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels to watch
On the downside, supports are at 101.60 and 101.40. On the upside, next resistances would be at 102.10 and 102.20.