USD/JPY remains near one-month low

Dollar-Yen has recovered somewhat from the low of 101.45 but remains at the lowest since October 4 as markets fear the White House doors have been opened for Trump.

Risk assets melt

Risk assets across the globe are feeling the heat of the increased prospects of Trump victory. S&P 500 futures were down nearly 5% at one point and currently trade 4.5% lower on the day.

Meanwhile, it is a sea of red in Asia as well. Consequently, the Japanese Yen remains solidly bid in Asia.

USD/JPY Technical Levels

Key resistance levels – 102.00 (zero figure), 102.55 (Nov 3 low), 103.16 (Oct 19 low)

Key support levels – 101.46 (session low), 101.20 (Sep 7 low), 100.00 (zero figure)