USD/JPY reverses a downward spike to 104.50, Trump leads in Florida

The bears gave way below 105 handle as polling stations closed in most major cities and traders expecting results any moment.

For now, markets are seen bidding up the safe-haven yen as Trump seems to have taken the lead over Clinton, with a win in Kentucky, Indiana and Florida , while Clinton emerges victorious in Vermont. 

Renewed jitters just ahead of the results is seen weighing heavily on the USD/JPY pair, with the major last seen exchanging hands at 104.70, down +0.45% on the day, having quickly recovered a downward spike to 104.50 levels.

USD/JPY Technical levels to watch    

Higher side: 105.31 (200-DMA), 105.79 (daily S2)

Lower side: 104.15 (20 & 50-DMA), 102.54 (multi-week lows)

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