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4 Aug 2014

USD/JPY's 103.00 mission takes a pause as pair falls to 102.50

FXStreet (San Francisco) - The USD/JPY's attempt to test the 103.00 level again suffered a setback at 102.75 where the pair found sell orders and it was launched back to trade around 102.50.

Currently, USD/JPY is trading at 102.56, down 0.05% on the day, having posted a daily high at 102.74 and low at 102.48. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.

USD/JPY sentiment

If the pair breaks below the 102.50, next supports would be at 102.30, 102.10 and 102.00. On the upside, 102.75, 103.00 and then 103.10 are resistances.
Aug 4, 2014

USD/CAD recovery loses pace

The USD/CAD is advancing for a fifth day in a row Monday, having already shrugged off the post-nonfarm payrolls weakness, although the dollar lacked strength.
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Aug 4, 2014

Dollar index and FX vols post largest and broadest rally since taper tantrum - J.P. Morgan

The J.P. Morgan team of analysts believe that the recent considerable rally of the Dollar Index and FX volumes has been taking place sooner than expected and for the right reasons.
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