USD/JPY breaks momentarily below 97 figure

FXstreet.com (Barcelona) - USD/JPY is last at 96.84, off fresh session lows at 96.60, falling straight from session highs at 97.50, on comments from Japanese officials saying they won't intervene in forex markets immediately, Dow Jones reported.

“If stocks don't recover and the Yen refuses to resume its slide before the BoJ meets next week, the central bank could be forced to take action to calm investors and to reverse these moves,” said BK Asset Management managing director Kathy Lien. Nikkei index is down -1.06% below the 12800 points.

Immediate support for USD/JPY lies at recent session lows 96.60, followed by overnight fresh 1-month lows at 95.87, while to the upside, closest resistance shows at previous session lows 97.12, followed by recent session highs at 97.50