25 Feb 2015
USD/JPY halts losses at 118.75, back to test 119.00
FXStreet (San Francisco) - After being strongly rejected by the 119.80 following Janeth Yellen's remarks, the USD/JPY fell over 100 pips to test the 118.75 level where the pair found buying interest that sent it back to 119.00.
Currently, USD/JPY is trading at 118.93, up 0.04% on the day, having posted a daily high at 119.01 and low at 118.86. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/JPY levels
If the pair manages to extend its rebound, it will find resistances at 119.00, 119.20 and 119.40. To the downside, supports are at 118.75, 118.50, 118.30.
Currently, USD/JPY is trading at 118.93, up 0.04% on the day, having posted a daily high at 119.01 and low at 118.86. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/JPY levels
If the pair manages to extend its rebound, it will find resistances at 119.00, 119.20 and 119.40. To the downside, supports are at 118.75, 118.50, 118.30.