JPY fell against usd

JPY fell sharply against the Japanese Yen, after stronger than expected ISM data from US pushed it towards 102.00. The dollar halted a two-day rally against the yen on speculation an industry report will show companies cut jobs and Federal Reserve Chairman Ben S. Bernanke will signal more interest-rate cuts.
Yen is expected to be on upside for the day with lending support at 100.80 and holding resistance at 102.60 levels . Trading range is expected between 100.90-102.40 levels for the day. currency is well supported by momentum which holds on upper side and stochastic indicating the same. MACD also indicates the currency to be on bull note for the day.