USD/JPY Consolidates lows around 101.75

FXstreet.com (San Francisco) - After losing the 102.00 area and falling to 1-week low at 101.65, the USD/JPY found support at this area where the pair remains trading in consolidation mode.

Currently, the USD/JPY is pricing at 101.75, 0.50 negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI, MACD and Momentum are pointing to the south while the Stochastic is bullish.

Below the 101.65, the USD/JPY would face supports at 101.20 and 100.75. On the upside, resistances are at 101.85, 102.20 and 102.40.