FXstreet.com (Barcelona) -After falling around 100 pips from 100.43 to find support at 99.44, the USD/JPY is trading back to 99.70.
Currently, the pair has fallen 0.67% from the opening price at 100.34 to trade around 99.65/75.
According to Raivis Zile, Analyst at Dukascopy Swiss FX Group, USD/JPY isn't showing a clear trend: Since the end of last week, USDJPY also didn't show any clear trend. The pair held in a sideways trading pattern close to the 100-mark ... USDJPY resting heavy around the day's lows through the early part of the European session, as euro-yen also trades with a heavy tone. Quiet start reported, with light volumes going through. Dollar-yen bids said to come in around JPY99.40/35 with stops below. Support then seen at the 200-day moving average (JPY98.95). Light offers come in on approach to JPY100.00, with topside stops reported through JPY100.45.
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