USD Trading fluctuation versus JPY
2/22/2018 4:15:02 PM
According to Forex market activities, USDJPY has begun recovering after risk appetite faded away during early Tokyo trading, and the pair is now trading just above 107.52.
Last Friday saw the pair got 105.40, a 12-month low, and USDJPY sees itself still far below the 150-day EMA, and a decreasing channel still in place, though very steep. Support is now priced in at 107.10 and 106.74, with persistence making a zone between 107.88 and 108.20.
FOREX market analysis by FxErvin.