USD/JPY

On Thursday, the USD/JPY currency pair continued to trade downwards. During today's morning, the pair tested the monthly S2 at 104.18.

Given that the exchange rate remains under pressure of the 55– and 100-hour SMAs in the 105.00 area, it is likely that some downside potential could prevail in the market.

However, if the given support holds, it is likely that the US Dollar could trade sideways against the Japanese Yen within the following trading session.

USDJPY

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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