13 Jan 2015
USD/JPY extends decline below 117.70
FXStreet (San Francisco) - The USD is extending its rejection to the 118.75 against the Japanese yen and after falling more than 100 pips in the American session, the USD/JPY is trading below the minimum on Monday at 117.70.
Currently, USD/JPY is trading at 117.64, down 0.58% on the day, having posted a daily high at 118.86 and low at 117.60. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
USD/JPY levels
If the pair consolidates prices below the 117.70, it will find supports at 117.50 and 117.00. To the upside, resistances are now at 118.00, 118.10 and 118.75.
Currently, USD/JPY is trading at 117.64, down 0.58% on the day, having posted a daily high at 118.86 and low at 117.60. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
USD/JPY levels
If the pair consolidates prices below the 117.70, it will find supports at 117.50 and 117.00. To the upside, resistances are now at 118.00, 118.10 and 118.75.