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May 31, 2013
USD/JPY hovers just below 101.00
FXstreet.com (Córdoba) - The recovery of the greenback versus the yen, from a 3-week low of 100.20, finally found resistance at the 101.15 zone during the American session.
USD/JPY failed to hold above the 101.00 level, and pulled back slightly, although with the subsequent dip being contained by the 100.75 area, the pair was confined to a phase of consolidation during the last hours.
At time of writing, USD/JPY is trading at the 100.85/90 area, where it is up 0.1% on the day and virtually unchanged this week.
However, the USD is posting its eighth monthly gain in a row versus the yen, accumulating over 1300 pips, or 15.8%, only in 2013.
USD/JPY failed to hold above the 101.00 level, and pulled back slightly, although with the subsequent dip being contained by the 100.75 area, the pair was confined to a phase of consolidation during the last hours.
At time of writing, USD/JPY is trading at the 100.85/90 area, where it is up 0.1% on the day and virtually unchanged this week.
However, the USD is posting its eighth monthly gain in a row versus the yen, accumulating over 1300 pips, or 15.8%, only in 2013.