Mon, 02 Jan 2023 11:54:47 GMT
USD/JPY approaches December low
The USD/JPY encountered resistance in the 134.50 level, before starting a broad decline. By the start of 2023, the pair had reached below 131.00 mark, which acted as resistance. Meanwhile, support appears to be provided by the December 20 low level at 130.57.
A move below 130.57 could look for support in the 130.00 mark, the weekly S1 simple pivot point