USD/JPY chart - Trading View
USD/JPY has shown a sudden spike and the major has raced past the 105 handle in Asian trade today.
US dollar is gaining ground across the board as markets turn risk averse on increasing odds of a Republican victory.
USD/JPY hit 10-day high at 105.34 before paring some gains to trade at 104.94 at around 04:30 GMT.
Volatility is set to remain high as the election news continues to trickle in. Markets will extend choppy trade.
The U.S. 2020 election race is set to go down to the wire. There is even a possibility of an electoral college tie.
Technical bias is bearish. Price action is below cloud and major moving averages. Breakout above cloud will negate bearish bias.
Major Support - 104 (Double Bottom), Major Resistance - 105.39 (55-EMA)
