USD/JPY continues to fall and nears the critical 105.00
level, which if broken would open doors for testing the support at 104.13.
The pair pulled back from the daily high, but bulls do
not give up. Indicators on dialy chart are aiming north, so I expect a convincing
break through the 107.00.
Friday’s mixed NFP weakened the US dollar and
USD/JPY closed below the psychological barrier at 107.00. The pair is supported by
the 20-day SMA at 106.30 and while staying above it, extended consolidation is