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USD/JPY neutral on data release in the open

FXStreet (Guatemala) - USD/JPY is trading at 102.27, up 0.01% on the day, having posted a daily high at 102.33 and low at 102.24.

The Nikkei opens down 0.33% and USD/JPY remains in a tight range with the minutes released from the BoJ that have not surprised anyone with there being no new updates to their current policy. At the same time we got the Q2 GDP that gave us yen neutral numbers. Q2 Japan GDP came as -1.7% Q/Q and -6.8% SAAR and marginally less bad than expected (-1.8%/-7.1%).

USD/JPY support / resistance levels

Support levels: 101.95, 101.60 and 101.20.

Resistance levels: 102.35, 102.80 and 103.10.

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