Post-FOMC U.S. dollar selling continued yesterday and on some pairs even exceeded the initial (Wednesday) move. One of those pairs was USD/JPY which fell to the lowest level since October 2014 and it's rumoured that the BOJ have intervened in the market to stem the decline.

110.65 is the low from yesterday. 110 is the first major support level ahead of 38.2% retracement (~1.0675) of the Abenomics uptrend. 112 - 112.50 shall now act as a decent resistance.

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