Support tested once again in USDJPY as the yanks pick up the selling baton

Author: Ryan Littlestone | Category: News

We might be seeing wave number two as yen pairs slide again

USDJPY has tested support once again early in the US session.

USDJPY M30 chart

It was looking like it might be more of the same yen selling but although EURJPY has slipped back, GBPJPY isn't doing as much and the majors are holding up reasonably well.

Still, it is what it is and the support in USDJPY is doing it's job. Below there we have the 112.50 level also. As expected, 113.00 is where the main resistance is.

The data calendar is a dud today so any inspiration will come from any talking heads and news.