USD/JPY tests 200-hour MA at 101.80

FXStreet (San Francisco) - The US Dollar is extending its decline from 102.20 against the Japanese Yen and following a successful break below 102.00, the USD/JPY is now testing the 101.80 area.

Currently, USD/JPY is trading at 101.87, down 0.20% on the day, having posted a daily high at 102.20 and low at 101.820. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.

USD/JPY levels

Below the 101.80 area, the USD/JPY would face supports at 101.41 and 101.25; On the upside, resistances are at 102.00, 102.20 and 102.40.