USD/JPY: markets predicting a Trump win! Yen now testing 103 handle

Currently, USD/JPY is trading at 103.21, down -1.81% on the day, having posted a daily high at 105.48 and low at 103.03.

Trump is catching up and is really starting to roil markets with risk-off play coming through thick and fast. As noted, the Yen has strengthened considerably in the last 30 minutes as Trump's results are closing in on Clinton's lead. The focus has been on Florida as markets witness Trump's lead there with 91% counted, 49.0% vs 47.9% in favour of Trump. N.Carolina is also seeing Trump in the lead, Trump 49.1%. Clinton 48.4%, as well as Ohio.

Trump-led risk-off: S&P 500 futures drop, safe havens rally

USD/JPY levels

Spot is presently trading at 103.21, and next resistance can be seen at 103.59 (Daily Classic S3), 103.63 (Weekly Classic PP), 103.84 (Hourly 100 SMA), 103.88 (Daily 20 SMA) and 103.94 (Daily Classic S2). Support below can be found at 103.03 (Daily Low), 102.98 (Monthly Low), 102.98 (Weekly Low), 102.84 (Daily 100 SMA) and 102.02 (Weekly Classic S1).