USD/JPY clings to gains near 101.30 ahead of US data

The greenback keeps the positive note vs. its Japanese peer on Thursday, with USD/JPY navigating the middle of the range near 101.30.

USD/JPY focus on US docket

The pair is trading almost unchanged during the second half of the week, looking to revert two consecutive pullbacks after Monday’s rejection from the 102.60 region.

In the meantime, spot appears well supported in the 101.00 neighbourhood, amidst a muted calendar in Japan, a selling bias in the risk-associated space and ahead of US Initial Claims and Export/Import Prices.

USD/JPY levels to consider

As of writing the pair is gaining 0.03% at 101.32 facing the initial hurdle at 102.67 (high Aug.8) ahead of 102.83 (high Aug.2) and then 103.28 (50% Fibo of 99.08-107.48). On the other hand, a break below 100.65 (low Aug.2) would pave the way for a test of 100.02 (low Jul.8) and finally 99.08 (low Jun.24).