USD/JPY suddenly spikes back below 104 handle

By FXstreet.com | Updated August 25, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 103.88, having posted a daily high at 104.13 and low at 103.86.



USD/JPY has suddenly dropped the 104 handle despite fundamentals and technical offering bullish signals. However, there are no events surrounding the pair until the US opens so range trading should remain the theme and this could be simply a bottom of that range for the session with some give until key support at 103.70 ahead of 103.40.



USD/JPY support and resistance levels



Support levels: 103.70, 103.40 and 102.90



Resistance levels: 104.35, 104.80 and 105.25



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key
    Forex News

    Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. USD/JPY consolidates below 118.00
    Forex News

    USD/JPY consolidates below 118.00

Trading Center