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Corrects Asia Dip Below Y103.40

JPY
MNI (London)
  • USD/JPY managed to probe below support at Y103.40 in Asia, the rate touching a low of Y103.33 but failed to bring pressure to bear on stronger support between Y103.25/00.
  • Rate recovered but seen meeting resistance at Y103.46, with this interest expected to Y103.50.
  • A break here to expose next resistance at Y103.85/95, a move above to bring Y104.09(bear channel top) and Y104.20 back into play.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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