Filed Under:
Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY failed to hold above the 99.00 mark Tuesday and dropped to fresh lows at the beginning of the American session.

USD/JPY extends losses into a third day

Even though the greenback is firmer today, it is facing losses versus the yen for third day in a row, which is also among the top performers. The USD/JPY came under pressure and broke through several support levels to hit its lowest in 5 days at 98.50 before bouncing slightly. At time of writing, the pair is trading around 98.65, still 0.2% below its opening price.

USD/JPY technical levels

If USD/JPY breaks decisively below 98.50, next supports might be found at 98.27 (Sep 2 low) and 98.00 (psychological level), while on the other hand, resistances are now seen at 99.00/05 (psychological level/100-day SMA) and 99.35 (Sep 23 high).
comments powered by Disqus