OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY suddenly spikes back below 104 handle

FXStreet (Guatemala) - USD/JPY is trading at 103.88, having posted a daily high at 104.13 and low at 103.86.

USD/JPY has suddenly dropped the 104 handle despite fundamentals and technical offering bullish signals. However, there are no events surrounding the pair until the US opens so range trading should remain the theme and this could be simply a bottom of that range for the session with some give until key support at 103.70 ahead of 103.40.

USD/JPY support and resistance levels

Support levels: 103.70, 103.40 and 102.90

Resistance levels: 104.35, 104.80 and 105.25

The day ahead brings key US data - Rabobank

Analysts at Rabobank note the up and coming data releases and highlight the US docket that brings key events.
Read more Previous

USD/JPY filling the sharp advances -TDS

Analysts at TD Securities explained that while USD/JPY’s gains last week look positive from a longer-term perspective, there are signals that this is no one-way street.
Read more Next
Start livechat