FxWirePro: USD/JPY resumes downside after failing to break above 101.20 levels
USD/JPY declined on Monday as comments from a top Bank of Japan official reinforced views that the central bank was unable to weaken the yen. Investors remained cautious about first U.S. presidential debate to gauge how …
USD/JPY declined on Monday as comments from a top Bank of Japan official reinforced views that the central bank was unable to weaken the yen.
Investors remained cautious about first U.S. presidential debate to gauge how the candidates plan to shape the economy and policy.
The first face-off between Republican Donald Trump and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday, with investors looking for clues about who will win the race to lead the world's biggest economy.
To the upside, the immediate resistance can be seen at 101.20, a break above this level would take the pair towards next resistance level at 101.73.
To the downside, immediate support can be seen at 100.00, a break below this level will open the door towards next level at 99.47.
