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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    JPY stronger on crosses – TDS

  2. Forex News

    USD/JPY: buy the dips below 123.00 – Westpac

  3. Forex News

    Japan's inflation in the spotlight - Commerzbank

  4. Forex News

    USD/JPY remains above 124.00 after finding resistance at 124.50

  5. Forex News

    Dollar Forecast Improves, Indicator Shows it May Rally Across the Board

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!