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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY succumbed to bearish pressure shortly after the closing of Wall Street printing 0.24% daily losses to discount from the +220 monthly pips gained so far.

In Wall Street the markets traded flat throughout the journey but ended with a crash shortly before the end of the session. The Dow closed with 0.09% gains, the Nasdaq lost 0.93% and the S&P 500 retraced 0.37%. In Japan, market participants expect leading economic index and coincident index results.

USD/JPY Technical Levels

Technically speaking, the pair lost the key zone at 100 after strong plunge at Wall Street’s closing. Offered at 99.91, the pair attempts to regain the front and forge grounds. On the downside, supports are aligned at 99.67 (November 12th highs), 99 (November 13th lows) ahead of 98.48 (November 6th lows) and the upside prints resistances set at 100.44 (November 15th highs), 100.71 (July 8th lows) followed by 101.56 (July 8th highs). According to the trend index, the pair is slightly bearish on one-hour timeframe analysis registering a neutral EMA20.
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