FxWirePro: USD/JPY falls below 107.10, hits lowest level since October 2014
USD/JPY is currently trading around 107.24 marks. It made intraday high at 108.19 and low at 107.07 levels. Intraday bias remains bearish for the moment. A daily close below 107.87 will drag the parity down towards key s…
It made intraday high at 108.19 and low at 107.07 levels.
Intraday bias remains bearish for the moment.
A daily close below 107.87 will drag the parity down towards key supports at 106.82, 106.27 and 105.71 levels respectively.
Alternatively, reversal from key support will take the parity higher towards key resistances at 107.87, 109.49, 111.23, 112.60 and 113.42 levels respectively.
Important to note here that today PBOC set stronger Yuan reference rate against UD dollar than a day earlier.
PBOC sets Yuan mid-point at 6.4589 / dollar vs last close 6.4779, showing an appreciation around 0.6% on Thursday's fix of 6.4954, the biggest daily gain since July 2005.
