25 Jul 2014
USD/JPY ends week higher
FXStreet (Córdoba) - The USD/JPY finished the week trading around 101.80/85, 50 pips above the price it closed seven days ago. Early on Monday the pair dropped to 101.18 but since then moved with an upside bias for the rest of the week.
On Friday after US economic data, peaked at 101.92, reaching a 2-week high and then bounced slightly to finish near the highs.
USD/JPY remains sideways
Despite rising, the US dollar continues to move without a clear trend against the Yen. The USD/JPY has a strong support above 100.70 while the upside remains limited. During the last four months Greenback made lower highs and the last time traded above 102.00 was three weeks ago.
On Friday after US economic data, peaked at 101.92, reaching a 2-week high and then bounced slightly to finish near the highs.
USD/JPY remains sideways
Despite rising, the US dollar continues to move without a clear trend against the Yen. The USD/JPY has a strong support above 100.70 while the upside remains limited. During the last four months Greenback made lower highs and the last time traded above 102.00 was three weeks ago.