USD/JPY fluctuates near 143.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65.

In the case of a move above 143.65/143.80 the pair would have to pass the combined resistance of the weekly R1 simple pivot point at 144.68 and the 144.65/145.00 zone. Higher above, the pair is set to reach levels not experienced for decades.

On the other hand, a decline is set to look for support at 142.55/142.65, prior to reaching the 142.00 and 141.50 levels. The 141.50/141.65 acted as support prior to the US CPI release.
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