Forex: USD/JPY hits 5-day low
Forex pairs in this Article »
USD/JPY
FXstreet.com (Córdoba) - The dollar weakened across the board and reversed gains to trade in negative ground against the yen, having also posted a fresh 5-day low at 78.03 before finding support and bouncing slightly.
Japanese FinMin rhetoric against yen gains and bids at the 78.00 area are keeping the cross supported. At time of writing, USDJPY is trading at the 78.10 zone, where it prints a minor loss on the day.
Despite intraday movements, USDJPY remains inside last days' range between 77.95 and the 77.65 zone ahead of the Fed's policy announcement on Wednesday.
As for technical levels, supports remain at 78.00, 77.95 and 77.65, while resistances could be found at 78.30, 78.65 and 79.00.
Japanese FinMin rhetoric against yen gains and bids at the 78.00 area are keeping the cross supported. At time of writing, USDJPY is trading at the 78.10 zone, where it prints a minor loss on the day.
Despite intraday movements, USDJPY remains inside last days' range between 77.95 and the 77.65 zone ahead of the Fed's policy announcement on Wednesday.
As for technical levels, supports remain at 78.00, 77.95 and 77.65, while resistances could be found at 78.30, 78.65 and 79.00.
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