Wed, 14 Jul 2021 13:12:17 GMT
USD/JPY drops due to data
At mid-day on Wednesday, the USD/JPY currency exchange rate dropped sharply due to the release of the US Producer Price Index data. During its decline, the rate plummeted below all close by technical support levels.
In theory, the rate could decline as low as the previous July low level near 109.55. However, on its way down the pair is most likely