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USD/JPY tumbled about 200 pips in yesterday's trading after PM Abe failed to impress markets with his latest fiscal stimulus plan. Even if he did, the pair would have most likely fallen anyway, probably just a bit slower.
The low of the day was just a couple of pips below 50.0% retracement of the Abenomics rally. Area between the retracement (100.70) and the big figure at 100 is the support level to watch. 101.50 - 102 may prove to be a decent sell zone.
The low of the day was just a couple of pips below 50.0% retracement of the Abenomics rally. Area between the retracement (100.70) and the big figure at 100 is the support level to watch. 101.50 - 102 may prove to be a decent sell zone.