OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY finds support at 105.50

FXStreet (Córdoba) - USD/JPY fell sharply throughout the European session and slid back below 106.00 as the yen remains in demand across the board, with EUR/JPY having scored a fresh 2014 low.

USD/JPY retreated from a daily high of 106.32 and stretched to a low of 105.50 before finding support and recovering slightly. At time of writing, the pair is trading at 105.85, still 0.13% below its opening price.

Next on tap, US will release last week’s initial jobless claims and September’s industrial output.

USD/JPY technical levels

As for technical levels, USD/JPY could find next supports at 105.20 (Oct 15 low), 105.00 (psychological level) and 104.87 (Sept 8 low). On the flip side, resistances are seen at 106.32 (intraday high), 106.97/107.00 (100-hour SMA/psychological level) and 107.48 (Oct 15 high).

Gold consolidates ahead of the US jobless claims

Gold is trading sideways as the markets await the US weekly jobless claims data and the Industrial production data.
Read more Previous

EUR/CHF testing lows near 1.2060

EUR/CHF is extending the selling mood on Thursday, putting to the test the support area around the mid-1.2000s so far...
Read more Next
Start livechat