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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY resumed the downside and slid to fresh daily lows during the New York session after the latest recovery attempt was capped by the 100.00 mark.

The USD/JPY was also weighed by weaker-than-expected US retail sales data and printed a low of 99.23 most recently. However, on a wider view, the pair remains well within its recent range as investors square positions ahead of the FOMC meeting next week.

USD/JPY holds bearish tone

At time of writing, USD/JPY is trading around 99.30, still 0.2% below its opening price. From a technical perspective, Valeria Bednarik, chief analyst at notes that the pair holds a strong bearish tone. The analyst places supports at 99.10, 98.60 and 98.20, while resistances are seen at 99.70, 100.10 and 100.40.
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