8 Apr 2014
USD/JPY tests 102.50
FXStreet (Córdoba) - The USD/JPY came under mild pressure during the Asian session and extended losses to a 10-day low weighed by BoJ decision to leave its policy unchanged.
The USD/JPY accelerated losses on the break below 102.70 and fell toward its lowest since Mar 28 at 102.50 before finding support At time of writing, the USD/JPY is trading at the 102.55 area, recording a 0.5% loss on the day, with the dollar trading lower across the board and a light day ahead data-wise.
USD/JPY technical levels
As for technical levels, if the USD/JPY breaks below 102.50 (daily low), next supports could be found at 102.02/00 (Mar 28 low/psychological level) and 101.72 (Mar 27 low). On the flip side, next resistances are seen at 102.82 (Daily 100 SMA) and 103.10 (daily high).
The USD/JPY accelerated losses on the break below 102.70 and fell toward its lowest since Mar 28 at 102.50 before finding support At time of writing, the USD/JPY is trading at the 102.55 area, recording a 0.5% loss on the day, with the dollar trading lower across the board and a light day ahead data-wise.
USD/JPY technical levels
As for technical levels, if the USD/JPY breaks below 102.50 (daily low), next supports could be found at 102.02/00 (Mar 28 low/psychological level) and 101.72 (Mar 27 low). On the flip side, next resistances are seen at 102.82 (Daily 100 SMA) and 103.10 (daily high).