➡USD/JPY Current price: 122.47
View Live Chart for the USD/JPY
The Japanese Yen refuses to give up against the greenback, as safe-haven demand is also supporting the Asian currency. The USD/JPY pair trades near its daily low, established at 122.32, and unable to recover firmly above the current 122.45 region, a strong static resistance level. Intraday buying interest have been surging on dips towards the 122.00 region during the last sessions, but the bias is negative for the pair, as the 1 hour chart shows that the price was once again rejected from its 100 SMA in the hourly chart, currently around 122.90, whilst the technical indicators lack directional strength in negative territory. In the 4 hours chart, the 100 SMA continues widening the distance with the 200 SMA, both well above the current levels, whilst the technical indicators head lower below their mid-lines, supporting a stronger downward acceleration on a break below 122.00, towards the 100 DMA, today around 121.20.
Support levels: 122.00 121.60 121.20
Resistance levels: 122.45 122.95 123.30
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