USDJPY Trading News in Fx market
1/29/2018 7:15:54 AM
A moderate USD recoil helped the USDJPY pair to gain several positive traction and recover a slight part of Friday's slump to below the 109.05 handle.
Momentum beyond the 109.05 mark is probable to provoke persistence near the 109.33-45 area, above which a bout of short-covering has the possible to boost the pair back towards regaining the key 110.03 psychological mark.
On the other hand, mid-108.10s now appears to protect the immediate weakness, which if broken would turn the pair at risk to slip below the 108.20-35 area and head towards testing the 108.10 handle.
FOREX market analysis by FxErvin.