30 Jul 2013
USD/JPY consolidates around 98.00
FXstreet.com (Córdoba) - The USD/JPY managed to bounce from daily lows and erased losses during the American session, as the greenback strengthened across the board.
USD/JPY recovery loses momentum
USD/JPY climbed back above 98.00 and reached an hourly high of 98.33 before finding sellers and pulling back slightly. At time of writing, USD/JPY is trading around 98.10, still up 0.2% on the day.
USD/JPY holds within yesterday's range
“Short-term Indicators show no bearish strength, as the pair holds inside yesterday’s range”, says Valeria Bednarik, chief analyst at FXstreet.com. “A break below 97.60 support however, should trigger some bearish continuation with 97.20 as next strong support”.
USD/JPY recovery loses momentum
USD/JPY climbed back above 98.00 and reached an hourly high of 98.33 before finding sellers and pulling back slightly. At time of writing, USD/JPY is trading around 98.10, still up 0.2% on the day.
USD/JPY holds within yesterday's range
“Short-term Indicators show no bearish strength, as the pair holds inside yesterday’s range”, says Valeria Bednarik, chief analyst at FXstreet.com. “A break below 97.60 support however, should trigger some bearish continuation with 97.20 as next strong support”.