USD/JPY recovers and holds above 102.00

FXStreet (Córdoba) - The ">USD/JPY stabilized above 102.00 after bouncing from 101.77, 1-week low. Earlier the pair dropped sharply in a few minutes from 102.35 to 101.77 and then recovered ground.

The move from the lows found resistance at 102.15 and currently trades at 102.06, down 60 pips from today's opening price. Greenback is about to post the lowest daily close since July 28.

Activity in the currency market remained steady in the last hours following the bearish rally of the US dollar across the board during the American session.