USD JPY remains on holding mood
11/8/2016 9:23:35 AM
The dollar is giving away some pips against its yen on Tuesday, with USD/JPY navigating a narrow range around 104.35.
The pair is following the comprehensive ‘on hold’ mood prevailing in the global markets as investors stay careful ahead of the outcome of the US presidential elections due later today.
Meanwhile, spot succeeds to keep the trade above the key barrier at 104.00 the figure following yesterday’s important advance in response to the FBI-Clinton headlines.
As of writing the pair is down 0.08% at 104.40 and a halt below 104.07 would wish for 102.85 and then 101.17. On the flip side, the next barrier is situated at 105.55 followed by 106.50 and ultimately 107.50.
Fundamental Analysis
by FxErvin
