USD/JPY recovery reaches 133.50

Source: Dukascopy Bank SA


On Friday, the USD/JPY currency pair's surge reached the 133.50 mark. Meanwhile, support was being provided by the 50-hour simple moving average near 132.75.

An extension of the surge might be slowed down by the 134.00 level and the weekly R2 simple pivot point at 134.47 together with the 134.50 level.

On the other hand, a decline would look for support in the 132.50 level and the 50-hour SMA near 132.75. Further below, note the 100 and 200-hour simple moving averages near 132.00.
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