USD/JPY falls back below 100.00

FXstreet.com (Córdoba) - The USD/JPY lost momentum and pulled back below the 100.00 mark at the beginning of the New York session, weighed by disappointing US data.

USD/JPT was rejected from the 100.50 zone, and dipped to a low of 99.79 in recent dealings before finding support and bouncing slightly. At time of writing, the pair is trading at the 99.90 region, still up 0.6% on the day.

USD/JPY bullish above 99.70

"100-hour SMA still heads south yet below current price, currently around 99.70, converging with a Fibonacci level: as long as above, bears may have a hard time to take over the pair, but a break below should signal a retest of the 99.20 price zone", says Valeria Bednarik, chief analyst at FXstreet.com.

Jul 15, 2013

Barnier expects more tough EU-US talks on financial rules

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