USD/JPY technical analysis: Greenback drops to a 4-month low against Yen below 109.00 figure

• The US threatens Mexico with tariffs sending equities down and helping Yen to rise as a safe-haven currency.
• USD/JPY dropped to levels not seen since February.

USD/JPY daily chart

USD/JPY is trading in a bear leg below its main simple moving averages (SMAs).  

USD/JPY 4-hour chart

USD/JPY is under bearish pressure below its main SMAs.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting bearish momentum. The next support to break for bears is seen at 108.50, 108.20 and 107.80 level. Resistances are seen at 108.90, 109.20 and 109.60.

Additional key levels