FxWirePro: USD/JPY weakness likely to extend into the European session
USD/JPY knocked-off to fresh session lows ahead of Europe open, as more JPY bought back on major risk averse markets USD/JPY weakness likely to extend into the European session, cloud has thinned out, making the upside v…
USD/JPY knocked-off to fresh session lows ahead of Europe open, as more JPY bought back on major risk averse markets
USD/JPY weakness likely to extend into the European session, cloud has thinned out, making the upside very vulnerable
Nikkei closed over -4% lower, China's Shanghai Composite tanks -2% while Hang Seng remains deep in the red, down -3.36%
USD/JPY is currently trading at 119.37, with immediate resistance at 120.09 (20 DMA) ahead of 120.67 (cloud base)
Supports on the downside are seen at 119.30 (Triangle Base From 118.25) and then below at 119.21 (Daily Low Sep 24)
Markets now await European markets' open for further direction, also in focus in the NY session will be U.S. consumer confidence and goods trade balance data
