USD/JPY finds support at 103.60

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Córdoba) - The USD/JPY rebounded during the American session after falling to 103.58 (daily low) and erased losses. Currently trades at 103.74, marginally higher for the day.



The Yen is among the worst performer across the board, falling particularly versus commodity currencies and the Euro and the Swissy.



USD/JPY technical levels

To the downside immediate support could be located at 103.55/60 (daily low) followed by 103.40 and 103.00. On the opposite direction resistance is expected around 103.95 (daily high) and 104.00; and above here at 104.10 and 104.45.



You May Also Like

Related Forex Analysis
  1. Investing

    USD/JPY: 2015 Forex Forecast

  2. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  3. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  4. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  5. Forex News

    USD/JPY rises to 1-week highs

Trading Center