21 Jul 2015
USD/JPY breaks below 124.00 amid Dollar weakness
FXStreet (Cocoa) - The USD/JPY is currently trading down as the US Dollar is trading bearish across the board. After falling over 60 pips from 124.40 in the American session, the USD/JPY broke below the 124.00 area to trade at lows of the day around 123.70.
Currently, USD/JPY is trading at 123.83, down 0.38% on the day, having posted a daily high at 124.49 and low at 123.76. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/JPY levels
If the pair extends declines beyond 123.75, it will find supports at 123.60, 123.40 and 123.20. To the upside, resistances are at 124.20, 124.40 and 1.2450.
Currently, USD/JPY is trading at 123.83, down 0.38% on the day, having posted a daily high at 124.49 and low at 123.76. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/JPY levels
If the pair extends declines beyond 123.75, it will find supports at 123.60, 123.40 and 123.20. To the upside, resistances are at 124.20, 124.40 and 1.2450.