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29 May 2014
USD/JPY hit fresh daily lows
FXStreet (Córdoba) - The USD/JPY recently printed a fresh low at 101.42. The pair was trading near 101.80 but then turned to the downside,weakened by a strong Yen across the board as US bonds continue to rise.
Currently trades at 101.55, down 0.27% for the day. It is the second daily loss in a row and continues to move away from 102.00.
USD/JPY technical levels
According to Kenny Fisher, Currency Analyst at MarketPulse support levels lie at 101.19, 100.00 and 99.57 while to the upside he sees resistance coming at 102.53, 103.07 and 104.17.
Currently trades at 101.55, down 0.27% for the day. It is the second daily loss in a row and continues to move away from 102.00.
USD/JPY technical levels
According to Kenny Fisher, Currency Analyst at MarketPulse support levels lie at 101.19, 100.00 and 99.57 while to the upside he sees resistance coming at 102.53, 103.07 and 104.17.