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USD/JPY dips below 101.00

FXstreet.com (Córdoba) - The dollar extended losses versus the yen at the beginning of the New York session, and recently fell below the 101.00 mark, despite encouraging US durable goods orders data.

USD/JPY fell for a second day on Friday, but has managed to hold above yesterday's trough at 101.82 so far. At time of writing, USD/JPY is trading at the 101.00/05 zone, where it records a 0.9% daily loss, having hit a low of 100.86 in recent dealings.

From a technical perspective, Valeria Bednarik, chef analyst at FXstreet.com notes that the pair holds a negative bias and "once below 100.80, next support will be around the 99.60/70 area, where the 61.8% retracement of the same rally stands along with former highs".

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