Yen softening across the board

Author: Kyle Shortland | Category: News

The USD/JPY has bounced from ahead of the 98.20 support level with yen crosses heading higher in line with the bounce. AUD/JPY has suffered the worst during NY today with stops below 91.00 triggered and the pair pulling up just ahead of the 90.00 level.

USD/JPY needs to close above the 99.70 level on an hourly basis to shift the focus away from further tests of today’s lows.