FxWirePro

USD/JPY hammered to fresh yearly low, massive reversal overnight

FX:USDJPY   U.S. Dollar/Japanese Yen
274 1 2
USD/JPY             was hammered overnight and the pair hit new yearly lows of 114.22, levels unseen since Nov 2014.

Sentiment soured on the back of the recent oil             price volatility, rising global growth concerns and growing expectations that Yellen may hint at delay in rate hikes in her testimony at Capitol Hill             on Wednesday.

The major is seen accelerating to the downside as we speak, currently at 114.28, Technicals indicate further downside.

Next immediate support on the downside lies at 114.06 (Nov 6th, 2014 low) and further below at 113.85 (Nov 10, 2014 low).

Watch out for authorities in Japan, Japan FM             Aso has already said today that they will continue to monitor market and FX movements closely.

TraderGleR
10 months ago
reversal still to come??
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out