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4 Jun 2014
USD/JPY bounces at 102.40, back to 102.70
FXStreet (San Francisco) - Following a 40 pips decline from 1-month high at 102.80, the USD/JPY finally found support at 102.40 where the pair bounced to trade back at 102.70 amid US yields.
According to Jamie Coleman from FXBeat, "US 10 year notes are back to a 2.60% yield, helping give USDJPY a lift. All thanks to a surprisingly strong ISM non-manufacturing."
Currently, USD/JPY is trading at 102.65, up 0.14% on the day, having posted a daily high at 102.81 and low at 102.44. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair managed to break above 102.80, next resistances are at 102.86 and 103.00. On the downside, supports are at 102.40, 102.25 and 102.15.
According to Jamie Coleman from FXBeat, "US 10 year notes are back to a 2.60% yield, helping give USDJPY a lift. All thanks to a surprisingly strong ISM non-manufacturing."
Currently, USD/JPY is trading at 102.65, up 0.14% on the day, having posted a daily high at 102.81 and low at 102.44. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair managed to break above 102.80, next resistances are at 102.86 and 103.00. On the downside, supports are at 102.40, 102.25 and 102.15.