USD/JPY retreats below 134.00

Source: Dukascopy Bank SA


The USD/JPY currency rate shortly retreated below the support of the 200-hour simple moving average and the 134.00 mark.

An extension of the ongoing decline might look for support in the 133.50 level, the weekly S1 simple pivot point at 133.37, the 133.00 mark and weekly S2 at 132.67.

However, a recovery of the US Dollar against the Yen is set to face resistance in the weekly simple pivot point and the 50 and 100-hour simple moving averages at 134.25. Higher above, note the 135.00 mark and the weekly R1 pivot point.
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