15 Jul 2014
USD/JPY returns to daily highs
FXStreet (San Francisco) - After an initial shock amid talks on Espirito Santo Group’s holding company Rioforte would be preparing to file for bankruptcy, the USD/JPY bounced hard at 101.40 and now it is trading back at daily highs.
Currently, USD/JPY is trading at 101.64, up 0.10% on the day, having posted a daily high at 101.67 and low at 101.43. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
USD/JPY levels
On the upside, resistances are at 101.65, 101.85 and 102.00. On the downside, the USD/JPY would find supports at 101.40, 101.25 and 101.05.
Currently, USD/JPY is trading at 101.64, up 0.10% on the day, having posted a daily high at 101.67 and low at 101.43. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
USD/JPY levels
On the upside, resistances are at 101.65, 101.85 and 102.00. On the downside, the USD/JPY would find supports at 101.40, 101.25 and 101.05.