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Forex: USD/JPY falls to 1-week low

FXstreet.com (Córdoba) - The US dollar extended losses versus the yen during the NY session after the latest string of mixed US data gave sellers an excuse to sell the greenback.

USD/JPY accelerated lower on the break of the 96.00 support area and slid to a 1-week low of 95.28 before the 200-hour SMA offered support. At time of writing, USD/JPY is trading around 95.50, down 0.6% on the day.

In terms of technical levels, on the downside next supports are seen at 95.28 (200-hour SMA) and 95.00 (psychological level), while resistances could be found at 96.25(intraday high) and 95.60 (Mar 15 high).

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