Back
27 Feb 2014
USD/JPY breaks below 102.00
FXStreet (Córdoba) - The USD/JPY accelerated lower and fell to fresh weekly lows sub-102.00 as trading has been dominated by broad risk aversion amid concerns about Ukraine situation.
The USD/JPY came under strong pressure and broke below the 102.00 mark to hit a 1-week low of 101.85 in recent dealings. At time of writing, the pair is trading at the 101.90 area, recording a 0.4% loss on the day.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate supports at 101.66 (100-day SMA), 101.38 (Feb 17 low) and 101.23 (Feb 6 low). On the flip side, resistances are seen at 102.43 (Feb 27 high) and 102.60 (Feb 26 high).
The USD/JPY came under strong pressure and broke below the 102.00 mark to hit a 1-week low of 101.85 in recent dealings. At time of writing, the pair is trading at the 101.90 area, recording a 0.4% loss on the day.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate supports at 101.66 (100-day SMA), 101.38 (Feb 17 low) and 101.23 (Feb 6 low). On the flip side, resistances are seen at 102.43 (Feb 27 high) and 102.60 (Feb 26 high).