Back
9 Aug 2013
USD/JPY takes a breather
FXstreet.com (Córdoba) - The USD/JPY managed to stabilize in a range above the 96.00 mark, snapping 4-day losing streak.
USD/JPY settles in a range
USD/JPY bottomed out at a nearly 2-month low of 95.80 during Thursday’s American session, but managed to trim losses. However, with the bounce capped by the 96.95 area, the USD/JPY settled in a range over the last sessions.
USD/JPY maintains the bearish tone
At time of writing, USD/JPY is trading at the 96.45 zone, still 0.2% below its opening price. However, despite taking a breather, technical indicators remain bearish, according to Valeria Bednarik, chief analyst at FXstreet.com. However, “accelerations below 96.20 are required to confirm a retest of yesterday’s low. Once below 95.80, 95.20 area is next probable target”, said the analyst.
USD/JPY settles in a range
USD/JPY bottomed out at a nearly 2-month low of 95.80 during Thursday’s American session, but managed to trim losses. However, with the bounce capped by the 96.95 area, the USD/JPY settled in a range over the last sessions.
USD/JPY maintains the bearish tone
At time of writing, USD/JPY is trading at the 96.45 zone, still 0.2% below its opening price. However, despite taking a breather, technical indicators remain bearish, according to Valeria Bednarik, chief analyst at FXstreet.com. However, “accelerations below 96.20 are required to confirm a retest of yesterday’s low. Once below 95.80, 95.20 area is next probable target”, said the analyst.