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USD/JPY falls to 102.15

FXstreet.com (San Francisco) - The US dollar is currently trading lower against the Japanese yen with the pair falling 50 pips in the latest three hours to break 102.35 and price at 102.15.

The USD/JPY is currently trading at 102.25, 0.47% down on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 15-minutes chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.

In terms of technical levels, on the downside, immediate supports are seen at the 101.90/102.00 zone, followed by 101.25 (low May 14). On the upside, resistances could be found at 103.30 (high May 17) and 103.50 (low Sep 30 2008).

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