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3 Mar 2014
USD/JPY opens at 2-week lows
FXStreet (Córdoba) - The USD/JPY started the week trading at 2-week lows, below 101.70 as American and European leaders warns Russia about possible economic sanctions if it continues its military advance in Ukraine.
USD/JPY weakened as the Yen gains across the board
The Japanese currency is the best performer early on Monday and is rising across the board. The pair made a downside gap at the started but it was mostly close. The pair bottomed at 101.44, the lowest price since February 17 but rebounded afterwards to 101.70. On Friday it closed at 101.73.
From a technical perspective, USD/JPY seems under pressure trading below 101.70 eyeing daily lows. Below the next probable support level lies at 101.20/25 and 100.75 (February lows).
USD/JPY weakened as the Yen gains across the board
The Japanese currency is the best performer early on Monday and is rising across the board. The pair made a downside gap at the started but it was mostly close. The pair bottomed at 101.44, the lowest price since February 17 but rebounded afterwards to 101.70. On Friday it closed at 101.73.
From a technical perspective, USD/JPY seems under pressure trading below 101.70 eyeing daily lows. Below the next probable support level lies at 101.20/25 and 100.75 (February lows).