USD/JPY close below 121.00; first negative day in five

FXStreet (Cocoa) - The USD/JPY is set to close the day below 121.00 after falling from daily highs of 121.30 that was priced in the opening bell. The USD/JPY rose from lows amid US data but the USD was losing steam throughout the day.

Currently, USD/JPY is trading at 120.97, down 0.31% on the day, having posted a daily high at 121.40 and low at 120.85. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral.

USD/JPY levels

If the pair consolidates below 121.00, it will find supports at 120.80, 120.70 and 120.50. To the upside, 121.10, 120.20 and 121.40.