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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY fell to 96.73 session lows at the closing of Wall Street, soaked in red on debt ceiling concerns and US government shutdown.

The Dow was down 0.90% along with the Nasdaq down 0.98% and the S&P500 down 0.85%. In Japan, the trade balance results are expected at 23.50 GMT.

USD/JPY Technical Levels

Price action reveals the violation of the immediate support at 96.92 (October 3rd lows). Now offered at 96.77, the pair oscillates between supports aligned at 96.41 (August 12th lows), 95.92 (August 10th lows) and 95 (June 8th lows) the resistances set at 96.92 (October 3rd lows), 97.44 (August 28th lows) and 98.34 (September 25th lows). In monthly, weekly, daily and 4-hour charts, the trends point down and the pair flows below the EMA20 extending bearish channel since last September 10th.
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