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The USD/JPY currency exchange rate has plummeted, as the markets have taken in the Federal Reserve rate hike and new macroeconomic information that impacts the US Dollar. On Thursday, the pair traded near the 132.50 level.
If the pair continues to decline, support might be found in the 132.00 level, the weekly S1 simple pivot point at 131.69 and the 131.50 mark.
Meanwhile, a recovery of the US Dollar against the Japanese Yen is set to encounter resistance in the combination of the 133.00 level and the weekly simple pivot point at 133.12. Higher above note the 133.50 level, the 200-hour simple moving average at 133.78, the 134.00 level and the 50 and 100-hour simple moving averages near 134.35.
Thu, 16 Jun 2022 15:04:51 GMT
Source: Dukascopy Bank SA
The USD/JPY currency exchange rate has plummeted, as the markets have taken in the Federal Reserve rate hike and new macroeconomic information that impacts the US Dollar. On Thursday, the pair traded near the 132.50 level.
If the pair continues to decline, support might be found in the 132.00 level, the weekly S1 simple pivot point at 131.69 and the 131.50 mark.
Meanwhile, a recovery of the US Dollar against the Japanese Yen is set to encounter resistance in the combination of the 133.00 level and the weekly simple pivot point at 133.12. Higher above note the 133.50 level, the 200-hour simple moving average at 133.78, the 134.00 level and the 50 and 100-hour simple moving averages near 134.35.