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USD/JPY pressing bears front lines at 109.50

FXStreet (Guatemala) - USD/JPY is trading at 109.47, down -0.02% on the day, having posted a daily high at 109.52 and low at 109.46.

USD/JPY has stepped up to the front lines again of the critical 109.50 land mark after losing the battle on the US session where the greenback lost it’s footing back down to test bids out at 109.15/25 territory despite the newer high of 109.74. Chief analyst at FXStreet, Valeria Bednarik explained that in the 4 hours chart however, indicators regain the upside after correcting some, which keeps now the downside limited. “A break below 108.90 is the level to watch as only below the risk will turn to the downside”.

USD/JPY levels

Support levels: 109.15, 108.99 and 108.50

Resistance levels: 109.50, 109.80 and 110.20

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