- The Dollar tumbled against the Yen after Trump commented on his dissatisfaction with current Fed policy, but the USD/JPY is slowly bouncing heading into Friday.
- Thursday’s decline sees the Dollar-Yen pairing knocked further back from recent highs than bulls would have hoped for, an extra push will be needed to clear into new highs for 2018.
- The rapid drop could signal a potential rollover into refreshed Greenback selling in broader markets, which could kick off a leg down against the G10.
Spot rate: | 112.47 |
Relative change: | 0.04% |
High: | 112.49 |
Low: | 112.33 |
Trend: | Flat to bullish |
Support 1: | 112.04 (previous day low) |
Support 2: | 110.76 (100.0% Fibo retracement level) |
Support 3: | 110.34 (previous week low) |
Resistance 1: | 112.79 (July 13th swing high) |
Resistance 2: | 113.16 (previous day high) |
Resistance 3: | 113.74 (December 12th swing high) |