Forex: USD/JPY remains quiet around 80.15

FITITOL--> FXstreet.com (San Francisco) - After declining to 80.05 on the back of weak US fundamental data, the USD/JPY has been trading sideways in a small range between 80.10 and 80.20. Currently the pair is at 80.12, 0.05% above today's opening price action.

â€œOnly a sustained break beneath psychological support at 80.00-80.12 (38.2% Fib retrace/Jan advance), will lead to further setbacks into 79.16 (61.8% Fib)â€, wrote MIG Bank analyst Howard Friend