FxWirePro: Japanese Yen Hits Fresh 18-month High Against US Dollar in Early Asian Hours

FxWirePro: Japanese Yen Hits Fresh 18-month High Against US Dollar in Early Asian Hours

2 May 2016, 04:34
Roberto Jacobs
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FxWirePro: Japanese Yen Hits Fresh 18-month High Against US Dollar in Early Asian Hours

  • USD/JPY is currently trading around 106.27 marks. 
  • It made intraday high at 106.72 and low at 106.13 levels. 
  • Intraday bias remains bearish till the time pair holds immediate resistance at 107.87 levels. 
  • A daily close below 106.15 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively. 
  • Alternatively, reversal from key support will take the parity higher towards key resistances at 107.87, 109.49, 111.23, 112.60 and 113.42 levels respectively.


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