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Forex pairs in this Article » USD/JPY
FXstreet.com (San Francisco) - The Japanese yen is well bid against its U.S. counterpart, with USDJPY having traded down to as low as 79.80, where it found key 38.2% Fibonacci retracement support of the decline from 84.16 to 77.12.

The move comes as U.S. treasuries have eased, with President Obama inching closer to re-election; Obama is now leading in Florida by 46,634 votes, with 87% of the precincts reporting. US equity futures are at their lows as the results continue to come in.

Asian shares are mixed this Wednesday, with Japan's Nikkei down 36.65 points, at 8,938.50; Australia's ASX is up 9.50 points at 4,494.30; Hang Sen 40 is down 80.43 points, at 21,864.00.

USDJPY last trades at 79.87, recording a 0.6% loss so far in Asia.
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