USD/JPY regains 200-DMA as Clinton fights back lead in Florida

The bulls are seen once again in control, with a strong recovery in risk conditions weighing heavily on the Japanese yen as Clinton storms back into lead over Trump in Florida, with 73% votes counted so far. Clinton now leads 50.1% to 47.4% in Florida

While the latest exit polls update shows that Trump has won South Carolina, although prospects for further lead look limited for Trump as a Clinton win in Florida almost confirms her victorious in the presidential race.

USD/JPY is last seen around 105.40, almost staging a big figure recovery on risk recovery.

USD/JPY Technical levels to watch 

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

Lower side: 104.15 (20 & 50-DMA), 102.54 (multi-week lows)