Back
9 Jan 2014
USD/JPY hits fresh daily lows
FXstreet.com (Córdoba) - The USD/JPY saw a quick drop and fell to fresh daily lows during the American afternoon as repeated failure to consolidate above the 105.00 mark and stocks slide weighed on the pair.
The USD/JPY bottomed out at 104.57, roughly the same level it did yesterday, before bouncing and recovering some ground. At time of writing, the USD/JPY is trading at the 104.80 zone, virtually unchanged on the day as investors gear up for Friday's nonfarm payrolls report.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could face immediate resistances at 105.00 (psychological level), 105.11 (Jan 8 high) and 105.44 (2014 high Jan 2). On the flip side, supports are seen at 104.573 (daily low), 104.60 (100-hour SMA), 104.06/00 (Jan 3 low/psychological level).
The USD/JPY bottomed out at 104.57, roughly the same level it did yesterday, before bouncing and recovering some ground. At time of writing, the USD/JPY is trading at the 104.80 zone, virtually unchanged on the day as investors gear up for Friday's nonfarm payrolls report.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could face immediate resistances at 105.00 (psychological level), 105.11 (Jan 8 high) and 105.44 (2014 high Jan 2). On the flip side, supports are seen at 104.573 (daily low), 104.60 (100-hour SMA), 104.06/00 (Jan 3 low/psychological level).