Back
4 Jun 2014
USD/JPY extends declines below 102.50
FXStreet (San Francisco) - The US Dollar is extending its rejection from 1-month high at 102.80 against the Japanese Yen and now it is testing sub-102.50 levels.
The pair is reacting slightly down following the weaker than expected ADP employment report that showed 179K new jobs created in May.
Currently, USD/JPY is trading at 102.53, up 0.03% on the day, having posted a daily high at 102.81 and low at 102.48. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels
According to Jamie Coleman from FXBeat, "firmer US treasury yields continue to underpin this pairing. Benchmark 10 year treasury yield currently 2.588%."
Below the 102.50 area, there are buy orders seen at 102.30. In addition, the 100-DMA level is at 102.35. On the upside, resistances are at 102.65, sell orders at 102.80 and 102.90.
The pair is reacting slightly down following the weaker than expected ADP employment report that showed 179K new jobs created in May.
Currently, USD/JPY is trading at 102.53, up 0.03% on the day, having posted a daily high at 102.81 and low at 102.48. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels
According to Jamie Coleman from FXBeat, "firmer US treasury yields continue to underpin this pairing. Benchmark 10 year treasury yield currently 2.588%."
Below the 102.50 area, there are buy orders seen at 102.30. In addition, the 100-DMA level is at 102.35. On the upside, resistances are at 102.65, sell orders at 102.80 and 102.90.