USD/JPY consolidates below 111.00 on heavy Earthquake slide from five-month highs

Currently, USD/JPY is trading at 110.79, down -0.23% on the day, having posted a daily high at 111.06 and low at 110.44.

Japan earthquake: 60-cm tsunami reported, fire extinguished at factory in Iwaki

Uncertainty around Trump coming back to the surface - Nomura

USD/JPY slipped below the 111 handle and away from four/five-month highs at 111.35 on news of a magnitude 7.3 earthquake that struck near Fukushima.The earthquake was reportedly felt in Tokyo and the Yen attracted safe haven flows leading to an immediate -0.03% downside in USD/JPY and dropped some more after a tsunami warning was issued making for a low of 110.44. The move has since fallen back into consolidation and thus the extension of the downside in USD/JPY has been limited, for now. Markets were less pro the greenback after it made a 14 year high Dollar index drops back from highest level since April 2003 - UOB

USD/JPY levels

Spot is presently trading at 110.79, and next resistance can be seen at 110.83 (Monthly High), 110.83 (Weekly High), 110.91 (Hourly 20 EMA), 111.04 (Daily Open) and 111.06 (Daily High). Next support to the downside can be found at 110.51 (Daily Classic PP), 110.45 (Yesterday's Low), 110.44 (Daily Low), 110.09 (Daily Classic S1) and 109.89 (Hourly 100 SMA).