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USD/JPY prints fresh 1-month low

FXStreet (Córdoba) - USD/JPY failed to sustain levels above 107.00 and fell to the lower side of its daily range as a series of disappointing European data releases weighed on investors sentiment.

USD/JPY entered a consolidation phase Tuesday with the upside capped by the 107.30 zone. The pair has fallen to a fresh 1-month low of 106.72 and it is currently trading at 106.80, virtually unchanged on the day. In the data front, there is no first-tier data scheduled for the New York session.

USD/JPY technical levels

As for technical levels, if USD/JPY breaks below 106.70, immediate supports are seen at 106.03/00 (Sept 10 low/psychological level) and 105.70 (Sept 5 high). On the other hand, resistances could be found at 107.30 (intraday resistance), 107.60 (Oct 13 high) and 108.00 (psychological level).

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