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USD/JPY slides further, approaches 108.00

FXStreet (Córdoba) - USD/JPY broke below 108.35 and tumbled to 108.09, reaching the lowest price since last Thursday. The pair remains around daily lows, trading near 108.00.

As the yen strengths across the board after a negative opening for stocks in Wall Street and also as US Treasury bonds rise, Greenback is falling, making a bearsih correction for the second day in a row.

The area around 108.00 capped the decline last week. If the pair falls below 107.98 it would be trading at the lowest since September 17. Below the next support to consider could be located at 107.35/40 (september 12, 15 high).

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