Resistance –108.76, 109.74
Support – 107.63, 106.64
Pot BOJ slide continues in early Europe, with pair trading around 108.00 levels.
European and US desks are likely to join the Yen selling party, thus pair could test 107.63 (2016 low) or post a fresh 2016 low.
Note that below 107.63, next major support is seen at 106.64 (38.2% of 2011 low-2015 high).
Support – 107.63, 106.64
Pot BOJ slide continues in early Europe, with pair trading around 108.00 levels.
European and US desks are likely to join the Yen selling party, thus pair could test 107.63 (2016 low) or post a fresh 2016 low.
Note that below 107.63, next major support is seen at 106.64 (38.2% of 2011 low-2015 high).