USD/JPY falls to daily lows as US yields declines further

FXStreet (San Francisco) - The USD/JPY declined 35 pips from 101.95 to test lows since May 23 at 101.60 as the pair is under pressure following the US yield decline to nearly 1 year.

"USD/JPY selling is intensifying as US yields fall to 2.47%, their lowest since last July," commented the FXBeat editor Jamie Coleman. "The buck has fallen as low as 101.62 so far. Small support is at 101.55."

Currently, USD/JPY is trading at 101.74, down -0.23% on the day, having posted a daily high at 102.05 and low at 101.64. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bullish.

USD/JPY levels

There are buy orders reported at 101.60 and 101.30; while sells stops at 101.60 too and 101.00 where stops commence on a break.