USD JPY declines in last hours
11/2/2016 8:52:32 AM
The USD/JPY pair is seen making slight-recovery efforts on the back of latest comments from BOJ Governor Kuroda, after a breach of 104.00 support paved way for fresh weekly troughs reached near 103.70 region in the last hour.
The JPY upwards are seen expanding control for the 2nd direct session, eliminating the USD/JPY pair to daily lows under 104.00 handle.
In technical, the immediate persistence is placed at 104.00. A break above the last, the major could test 104.15 and 104.40 beyond the last. While to the downside, the immediate support is seen at 103.55 next at 103.15 and below that at 102.84.
Fundamental Analysis
by FxErvin
