USD/JPY drifted back into the negative territory for the fifth consecutive session on Friday. The prevalent selling bias surrounding the USD was seen as a key factor exerting pressure. Bears might still aim to retest July monthly swing lows support, around the 104.20-15 area. The USD/JPY pair struggled to capitalize on its Asian session positive move and has now dropped to the lower end of its daily trading range, around the 104.65-60 region. The pair gained some positive traction on the last day of the week and moved away from seven-week lows, around mid-104.00s touched on Thursday. The uptick was sponsored by a positive tone around the Asian equities, which undermined the Japanese yen’s safe-haven demand. Bulls further took cues from a modest pickup in the US Treasury bond yields. However, the Bank of Japan’s less gloomy view on the economy extended some support to the JPY. This coupled with the prevalent selling bias around the US dollar capped the upside for the USD/JPY pair. As investors looked past not so dovish FOMC policy statement, the greenback came under some renewed selling pressure after Thursday’s rather unimpressive US economic data. A weaker USD dragged the USD/JPY pair back into the negative territory for the fifth consecutive session. It will now be interesting to see if the pair is able to find any support at lower levels or bears aim back to challenge July monthly swing lows support near the 104.20-15 region. Market participants now look forward to the release of the Michigan Consumer Sentiment Index for September for some trading impetus on the last day of the week. Technical levels to watch 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 AUD/CNY to push back toward 5.00, USD/CNY to move in the 6.73-6.83 range – Westpac FX Street 2 years USD/JPY drifted back into the negative territory for the fifth consecutive session on Friday. The prevalent selling bias surrounding the USD was seen as a key factor exerting pressure. Bears might still aim to retest July monthly swing lows support, around the 104.20-15 area. The USD/JPY pair struggled to capitalize on its Asian session positive move and has now dropped to the lower end of its daily trading range, around the 104.65-60 region. The pair gained some positive traction on the last day of the week and moved away from seven-week lows, around mid-104.00s touched on Thursday. The uptick was… 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.