USD/JPY trades over 1% lower on the session as the risk environment turns sour. The price is now testing the 76.4% Fibonacci retracement level. USD/JPY Daily Chart USD/JPY has really pushed lower today after a strong bout of risk aversion. Now the pair is over 1% lower and has dropped to levels not seen since September last year. The 76.4% Fib zone is providing some support but much of the move is fundamentally based. If there is a conclusive close below that level then the wave low of 104.84 could be tested. Stocks have also pulled back and gold has shot higher confirming the move into risk-off assets. Additonal Levels 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 BOC’s Poloz: Lower rates buffer downside effects of confidence FX Street 2 years USD/JPY trades over 1% lower on the session as the risk environment turns sour. The price is now testing the 76.4% Fibonacci retracement level. USD/JPY Daily Chart USD/JPY has really pushed lower today after a strong bout of risk aversion. Now the pair is over 1% lower and has dropped to levels not seen since September last year. The 76.4% Fib zone is providing some support but much of the move is fundamentally based. If there is a conclusive close below that level then the wave low of 104.84 could be tested. Stocks have also pulled back and gold has… 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.
