FXstreet.com (Córdoba) - After rallying over 60 pips throughout the Asian and European sessions propelled by opposition leader Abe's comments and month end dollar demand, USD/JPY stalled at a high of 82.74 and turned lower.
USD/JPY retraced half of its intraday gains within the last hours before the 21-hour offered support at the 82.40 zone. At time of writing, USD/JPY is trading at the 82.50 area, still up 0.5% on the day.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates next supports at 82.30 and 82.00, while resistances are seen at 82.85, 83.10 and 83.40.
USD/JPY retraced half of its intraday gains within the last hours before the 21-hour offered support at the 82.40 zone. At time of writing, USD/JPY is trading at the 82.50 area, still up 0.5% on the day.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates next supports at 82.30 and 82.00, while resistances are seen at 82.85, 83.10 and 83.40.
