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9 Jul 2013
USD/JPY clings to 101.00
FXstreet.com (Córdoba) - Despite some volatility observed in the FX market, USD/JPY has spent most of the day inside a slim range, unable to pick up fresh momentum.
USD/JPY trades flat on the day
USD/JPY failed to overcome the 101.30 zone at the beginning of the European session and turned lower, having slowly retraced its daily gains to trade nearly flat around 100.90/101.00 ahead of the Wall Street close.
USD/JPY technical levels
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com sees immediate support levels at 100.70, 100.30 and 99.90, while she places resistances at 101.20, 101.60 and 102.00.
USD/JPY trades flat on the day
USD/JPY failed to overcome the 101.30 zone at the beginning of the European session and turned lower, having slowly retraced its daily gains to trade nearly flat around 100.90/101.00 ahead of the Wall Street close.
USD/JPY technical levels
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com sees immediate support levels at 100.70, 100.30 and 99.90, while she places resistances at 101.20, 101.60 and 102.00.