Open trading account 
USD/JPY heavy losses
USD/JPY hit session highs of 102.40 in theEuropean session, but after that a sharp decline drove the pair to 102.05 the weakest level since November 27. The announcementof ISM’s manufacturing purchasing managers’ index came in at 51.3 for January, down sharply from a reading of 57.0 in December helped the pair to hit the
daily lows. The pair should find support first at 100.96and then at 100.73. On the upside resistance should be met at 101.38 and second
resistance at 101.46Currently the USD/JPY seems to try to reboundfrom the round number of 101 and I have opened a long position just to catch
the rebound.
USD/JPY hit session highs of 102.40 in theEuropean session, but after that a sharp decline drove the pair to 102.05 the weakest level since November 27. The announcementof ISM’s manufacturing purchasing managers’ index came in at 51.3 for January, down sharply from a reading of 57.0 in December helped the pair to hit the
daily lows. The pair should find support first at 100.96and then at 100.73. On the upside resistance should be met at 101.38 and second
resistance at 101.46Currently the USD/JPY seems to try to reboundfrom the round number of 101 and I have opened a long position just to catch
the rebound.
