Pair hit yearly high at 16.3180 in Asian hours and currently trading at 16.5764 levels.
- The U.S. dollar surged as much as 10.3 percent at one stage to reach 17.9950 rand and was last quoted at 17.2500, a huge move from 16.3150
- Dealers said Japanese investors were selling rand for U.S. dollars, where there was at least some liquidity, and then exchanging those dollars for yen
- Initial resistance levels are seen at 16.80, 17.72 levels
- Major support falls at 15.91 levels


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro- Major Pair levels and bias summary
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major US Indices
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro- Woodies Pivot(Major) 



