As the American dollar remains weak, the USD/JPY pair trades at fresh monthly lows. The pair fell to 104.29, and trades nor far above this last, ready to pierce July’s monthly low at 104.18, FXStreet’s Chief Analyst Valeria Bednarik reports. See – USD/JPY to extend lower towards 104.20 – OCBC Key quotes “Japan published August National inflation figures, which missed expectations. Annual CPI increased by just 0.2%, while the core reading came in at -0.4% as expected. The US session will bring the preliminary estimate of the September Michigan Consumer Sentiment Index, foreseen at 75 from 74.1 in August.” “The 4-hour chart shows that the USD/JPY pair keeps developing below a firmly bearish 20 SMA, while the larger ones slowly turn south well above the shorter one, signaling strong selling interest in the short-term. Technical indicators are directionless although well into negative territory.” “The immediate support level is 104.18 July monthly low, with a break below it anticipating a steeper decline ahead.” 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 US Dollar Index Price Analysis: Potential short-term top near 93.70? FX Street 1 year As the American dollar remains weak, the USD/JPY pair trades at fresh monthly lows. The pair fell to 104.29, and trades nor far above this last, ready to pierce July’s monthly low at 104.18, FXStreet’s Chief Analyst Valeria Bednarik reports. See – USD/JPY to extend lower towards 104.20 – OCBC Key quotes “Japan published August National inflation figures, which missed expectations. Annual CPI increased by just 0.2%, while the core reading came in at -0.4% as expected. The US session will bring the preliminary estimate of the September Michigan Consumer Sentiment Index, foreseen at 75 from 74.1 in August.” “The 4-hour chart… Top 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.
