USD JPY retreated to daily highs
2/9/2017 11:55:42 AM
The USD/JPY pair retreated to daily highs at 112.37, though succeeded to hold above 80-DMA support placed at 111.97.
In the meantime, broad based USD strong point also cooperates to the latest leg higher in USD/JPY. The spot was last seen exchanging hands at 112.23, up +0213% on the day, and appears to regain 112.57 barrier.
The major finds instant persistence at 112.64. A break above the last, the major could test 113.05 and 113.43 beyond the last. Although to the downside, the instant support is seen at 111.77 next at 111.54 and below that at 111.11.
FOREX market analysis by FxErvin.