The Dollar’s attepmpted recovery against the Yen is seeing halting progress as markets are quick to flight. Wednesday brings US Durable Goods and Japan Retail Sales figures later on in the day. The USD/JPY continues to be in play near the 110.00 handle, dropping from the day’s high of 110.20 on continued risk aversion, but recovering from a low of 109.77, and the pair is now testing the 110.00 level ahead of the European market session. Tuesday saw a recovery for the US Dollar against the Yen, driving the Greenback up from the week’s lows near 109.35, but trade fears between the US and China that marred action at the beginning of the week is continuing to hamper risk appetite in the mid-week, and the USD/JPY is struggling to make leeway as the Dollar recovery chugs against souring market sentiment. Later on today will see the US Durable Goods Orders for May at 12:30 GMT, expected to tick up slightly from -1.6% to an improved but still negative -1.0%, while the late Wednesday session will be seeing Japanese Retail Trade figures at 23:50 GMT, with the y/y figure expected to come in at 1.2%, a slight decline from the previous reading of 1.5%. USD/JPY levels to watch The Greenback looks to be trying to establish a floor from the current week’s low, and early Wednesday’s turnaround before the 61.8% retracement level could mark in a higher level for the pair to jump upwards from, assuming broader market sentiment doesn’t contract sharply ahead of the US’ Durable Goods Orders figures due later in today’s US session. Spot rate: 109.94 Relative change: -0.06% High: 110.20 Low: 109.77 Trend: Bullish Support 1: 109.77 (current day low) Support 2: 109.69 (61.8% weekly Fibo level) Support 3: 109.37 (current week low) Resistance 1: 110.21 (current week high; previous resistance) Resistance 2: 110.75 (previous week high) Resistance 3: 110.90 (June high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Trading under the influence of supply-related stories – Danske Bank FX Street 5 years The Dollar's attepmpted recovery against the Yen is seeing halting progress as markets are quick to flight. Wednesday brings US Durable Goods and Japan Retail Sales figures later on in the day. The USD/JPY continues to be in play near the 110.00 handle, dropping from the day's high of 110.20 on continued risk aversion, but recovering from a low of 109.77, and the pair is now testing the 110.00 level ahead of the European market session. Tuesday saw a recovery for the US Dollar against the Yen, driving the Greenback up from the week's lows near 109.35, but trade fears… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.