The Japanese yen moved through its respective resistance levels against the USD, with the USD/JPY flexing at 108.00. The flow-driven run has left the USD/JPY eyeing the next key support level at 107.70/00, and a further grind towards this mark may be at hand, as reported by OCBC Bank. More pain for the USD before reverting higher “The breach of support at 108.30/40 left the USD/JPY quickly searching lower towards 108.00 before a pause.” “Firmer supports at 107.70/80 at this point.” “With the 10y UST yield holding lows around 1.55%, it may not be advisable to expect significant USD/JPY downside from here.” 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 Gold Price Analysis: Rising US Treasury yields to pressure XAU/USD once again – OCBC FX Street 2 years The Japanese yen moved through its respective resistance levels against the USD, with the USD/JPY flexing at 108.00. The flow-driven run has left the USD/JPY eyeing the next key support level at 107.70/00, and a further grind towards this mark may be at hand, as reported by OCBC Bank. More pain for the USD before reverting higher "The breach of support at 108.30/40 left the USD/JPY quickly searching lower towards 108.00 before a pause." "Firmer supports at 107.70/80 at this point." "With the 10y UST yield holding lows around 1.55%, it may not be advisable to expect significant… 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.
