USD/JPY finds support at 135.00

Source: Dukascopy Bank SA


Prior to the US Federal Reserve rate hike, the USD/JYP declined to the support of the 135.00 level. As the rate was hiked, it appeared that a recovery started.

A continuation of the USD surge against the Japanese Yen could be slowed down by the 136.00 mark, the combination of the 50 and 100-hour simple moving averages near 136.50. Higher above, note the 137.00 level and the weekly R1 simple pivot point at 137.53.

On the other hand, a decline of the USD/JPY below 135.00 could look for support in the 134.50 level and the combined strength of the 134.00 level and the weekly S1 simple pivot point at 133.98.
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