USD/JPY declines to 130.50

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


The comments made by Jerome Powell on Tuesday at an interview caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts it resulted in a decline to the combined support of the 130.50 level and the 100-hour simple moving average.

A move below 130.50 and the 100 and 200-hour simple moving average might look for support in the weekly simple pivot point at 130.15 and the 130.00 level. Further below, note the 129.50 and 129.00 levels.

Meanwhile, a recovery of the US Dollar against the Japanese Yen would face the 131.50 level and the 50-hour SMA. Higher above, note the resistance zone near 132.87/132.91.
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