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13 Feb 2014
USD/JPY extends decline following weak US data
FXStreet (San Francisco) - The US dollar is under pressure right now following the disappointing retail sales and jobless claims data in US and against the Japanese yen is no exception. The USD/JPY declined to nearly 1-week lows at 101.70.
The USD/JPY is currently trading at 101.85 after bouncing at 101.70, pair remains below 200 hours MA. Pair is extending declines from 102.60 started Wednesday late session. Pair is performing 0.66% negative on the day and the short term perspective is strongly bearish according to the FXStreet trend index in the 15-minute chart.
USD/JPY sentiment
MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral also in the 15 minutes timeframe.
If the pair remains below the 101.90, next supports would be 101.70, 101.50 and 101.25. On the upside, resistances are at 102.00, 102.20 and 102.65.
The USD/JPY is currently trading at 101.85 after bouncing at 101.70, pair remains below 200 hours MA. Pair is extending declines from 102.60 started Wednesday late session. Pair is performing 0.66% negative on the day and the short term perspective is strongly bearish according to the FXStreet trend index in the 15-minute chart.
USD/JPY sentiment
MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral also in the 15 minutes timeframe.
If the pair remains below the 101.90, next supports would be 101.70, 101.50 and 101.25. On the upside, resistances are at 102.00, 102.20 and 102.65.