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USD/JPY extended up to 102.36 on the day - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY, which rose to the 102.36 level earlier on Tuesday, is currently retracing from the strong static resistance area.

Key quotes

"The hourly chart shows indicators crossing their midlines to the downside, which suggest some further slides ahead, albeit price holds above its 100 SMA limiting the ability of the pair to extend its decline at the time being."

"In the 4 hours chart indicators are biased higher, yet only a clear break above 102.30/40 price zone, will favor an advance up to 102.80 price zone."

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Jamie Coleman, Editor at FXBeat, comments on today's release of US JOLTS Job Openings numbers, which rose to 4.671M in June from 4.577M recorded in May.
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GBP/USD: Will the BoE make any difference? - FXStreet

ablo Piovano, editor at FXStreet, commented that waning expectations of a rate hike plus speculative positioning keep taking a toll on the sterling, dragging GBP/USD from multi-year peaks to levels sub-1.6800. In this line, tomorrow’s Quarterly Inflation Report by the BoE will take special attention as investors look for any clue regarding the timing of the rate hike.
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