USD/JPY returns to 135.00

Source: Dukascopy Bank SA


Despite dipping during the US fundamental events that occurred during this week, the USD/JPY has recovered and returned to the 135.00 mark.

A move above the 135.00 level and the 200-hour simple moving average could encounter resistance in the 135.30/135.50 range. Higher above note the 136.00 level.

Meanwhile, a potential decline could look for support in the 134.50 level and the 50 and 100-hour simple moving averages. Note that the range at 134.60/134.70 has been ignored. Further below, the 134.00 mark or the 133.75/133.80 zone might stop the decline.
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