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5 Jun 2014
USD/JPY recovers earlier losses and advances to 102.75
FXStreet (San Francisco) - The USD/JPY is rallying right now amid ECB new measures and US jobless claims data. The pair jumped 35 pips in the latest hour from 102.40 to recover earlier losses and to test the 102.75 area.
Currently, USD/JPY is trading at 102.68, down 0.04% on the day, having posted a daily high at 102.79 and low at 102.45. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.
USD/JPY levels
According to Gerry Davies from FXBeat, "talk of sell orders clustered 102.80/00 (said to contain Japanese exporter supply), buy stops gathering through 103.00."
Davies add: "sell orders seen clustered 102.30/45, sell stops gathering through 102.20."
Currently, USD/JPY is trading at 102.68, down 0.04% on the day, having posted a daily high at 102.79 and low at 102.45. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.
USD/JPY levels
According to Gerry Davies from FXBeat, "talk of sell orders clustered 102.80/00 (said to contain Japanese exporter supply), buy stops gathering through 103.00."
Davies add: "sell orders seen clustered 102.30/45, sell stops gathering through 102.20."