FXStreet (Edinburgh) - In the opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair remains well positioned to challenge the 104.13 level.

Key Quotes

USD/JPY has now risen above the March high at 103.77 and continues to have the April peak at 104.13 in focus”.

“Together with the 104.45 78.6% retracement, it is regarded as the last defence for the 105.45 2014 high”.

“Minor support comes in around the July peak at 103.15. We will retain our bullish view while USD/JPY remains above the current August low at 101.51”.


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Forex pairs in this Article » USD/JPY

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