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Forex pairs in this Article » USD/JPY
FXstreet.com (London) - USD/JPY had climbed back above the 97.00 ahead of the 200 DMA that markets are using as a panicle level but failed to penetrate 97.20 ahead of real pain at 97.50.

Dollar vulnerability is expected to continue to manifest itself through the USD/JPY with the pair now having sunk below 97.00 again. “If the 200-day MA (96.73) caves, expect the pair to gravitate towards 96.00 and then 95.80”, explained Emmanuel Ng at OCBC.

USD/JPY Levels

The 20 MDA is 98.43, the 50 DMA is 98.32 and the 200 DMA is 96.73. RSI (14) reads 46.73. Supports are ascending from 95.92, 96.23, 96.40 and 96.55. Spot reference is 96.88 while resistances are 96.95, 97.22, 97.49 and 97.88.
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