USD/JPY suddenly spikes back below 104 handle

By FXstreet.com | 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



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