USD/JPY trades around 135.00

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Source: Dukascopy Bank SA


In the aftermath of the US Dollar's surge, which was caused by the US employment data release, the USD/JPY found resistance in the 135.50 level. The resistance held and caused a decline. On Monday, the pair found support in the 134.50 level and a zone, which surrounds it.

A surge of the USD against the Japanese Yen would have to pass the 135.50 level, prior to approaching the resistance of the 136.00 and 136.50 levels.

On the other hand, a decline of the pair below 134.50 might look for support in the 50-hour simple moving average near 134.25. Further below, note the combination of the 50 and 200-hour simple moving averages near the 134.00 mark.
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