-USDJPY broke below the 108 level again.......>

FOREX: -USDJPY broke below the 108 level again this morning before bouncing

back. Throughout the afternoon, Dollar-Yen slowly climbed higher touching day

high of 108.44 as Fed Chair Jerome Powell spoke at the Economic Club in

Washington. USDJPY is currently making new highs into the US close at 108.46

after crossing the suggested resistance area of 108.40. 

-DXY was able to pare some of yesterdays big drop, climbing back above 95.500. 

-EURUSD remains above the 100-dma and key 1.500 level after falling from todays

high of 1.570. Currently sitting at 1.501, bulls look to break the Oct 17 high &

61.8% retracement level of 1.1581/87  while bears look for a break back below

the 100-dma & 76.4% retracement at 1.1477/70.

-GBPUSD remains below 1.28 after briefly breaking the level in Asia overnight.

Bears looks for a break below 1.26 while bears look for a close above 1.28 and

the Dec 31 high of 1.2815.

-USDCAD holds comfortably above the 1.32 level touching lows of 1.3202. Bears

look for a break below the 100-dma at 1.3180 while bulls look for a climb above

the 61.8% retracement level & broken channel base at 1.3480/1.3525.