USD/JPY trades below 140.00

Source: Dukascopy Bank SA


This week, the USD/JPY currency pair has been mostly located below the 140.00 mark, as on Tuesday the pair even shortly traded below 138.00.

A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63.

However, a recovery of the USD against the Yen could encounter resistance not only in round price levels, but also the 100-hour simple moving average near 140.50 and the weekly simple pivot point at 141.60.
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