USDJPY: Bearish Eyes Further Weakness…
The USDJPY remains on the downside as long as 105.68 resistance holds on a daily closing basis. Support comes at 105.10 levels. A halt is likely, but break-through support aims 104.65 levels. Further down, support comes in the 104.15 levels ahead of the 103.55 levels.
On the upside, resistance comes at 105.68 levels. Above 105.68 sees limited recovery 106.20 levels ahead of 106.63 levels.
in conclusion: The USDJPY sees downside threats below 105.68 levels. Above that level sees limited recovery…
Support: 105.10, 104.65, 104.15, 103.55, 103.10
Resistance: 105.68, 106.20, 106.63, 107.45, 107.85
Key data/events which may affect USDJPY today:
- Fed Interest Rate Decision at 18:00 GMT.
- FOMC Press Conference at 18:30 GMT.