USD/JPY skids below 102.00 on increased odds of a Trump win

The USD/JPY pair’s rebound lost steam just shy of 103 handle, with the bears fighting back control and knocking-off the rate as low as 101.70, before recovering some ground to now re-take 102.handle.

Markets publishing more models showing increased prospects for a Trump presidency, have once again dented risk conditions badly, and hence, the yen is seen back in demand ahead of Ohio results, which will be key to zero in the US presidential candidate.

Meanwhile, the FiveThreeEight model had projected a Trump win around 25 to 27% for most of the session, which now raises it to 44%. The NY Times model has been quite different, now at 72% chance for Trump winning the presidency.

USD/JPY Technical levels to watch 

Higher side: 105.79 (daily S2), 106.50 (psychological levels)

Lower side: 101.54/19 (Oct lows), 101 (zero figure)