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5 Jun 2014
USD/JPY declines to daily lows
FXStreet (San Francisco) - The US Dollar is falling across the board and the USD/JPY is declining to session lows as risk appetite eased ahead of tomorrow's nonfarm payrolls.
In addition, the "USD/JPY has stalled repeatedly ahead of 102.85, the 61.8% retracement of the 104.14/100.79 drop and prices have come back under pressure," comments Jamie Coleman from FXBeat. So now again.
Currently, USD/JPY is trading at 102.45, down 0.27% on the day, having posted a daily high at 102.79 and low at 102.34. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/JPY sentiment
Supports are at 102.25 and more stops just below. Above the 102.85 USD/JPY has resistances at 103.02 level.
In addition, the "USD/JPY has stalled repeatedly ahead of 102.85, the 61.8% retracement of the 104.14/100.79 drop and prices have come back under pressure," comments Jamie Coleman from FXBeat. So now again.
Currently, USD/JPY is trading at 102.45, down 0.27% on the day, having posted a daily high at 102.79 and low at 102.34. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/JPY sentiment
Supports are at 102.25 and more stops just below. Above the 102.85 USD/JPY has resistances at 103.02 level.