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Forex: USD/JPY drops to yesterday’s low, 77.84
After losing the seventy eight.00 handle throughout the Asian session, the USD/JPY has been resuming its draw back, extending losses to a complete of fifteen pips.
At the instant of writing, the USD/JPY is quoting at yesterday’s low at seventy seven.84 and maintains the downward momentum. FX Market Report analyst Gavin Grier-Rees says that the recent Yen strength is thanks to “the ancient year‐end demand for yen from Japanese exporters and others”.
Psyhological level at seventy eight.00 ought to be the primary resistance to the combine. Grier-Rees points to supports at seventy seven.80 and 77.55.
After losing the seventy eight.00 handle throughout the Asian session, the USD/JPY has been resuming its draw back, extending losses to a complete of fifteen pips.
At the instant of writing, the USD/JPY is quoting at yesterday’s low at seventy seven.84 and maintains the downward momentum. FX Market Report analyst Gavin Grier-Rees says that the recent Yen strength is thanks to “the ancient year‐end demand for yen from Japanese exporters and others”.
Psyhological level at seventy eight.00 ought to be the primary resistance to the combine. Grier-Rees points to supports at seventy seven.80 and 77.55.
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