USD JPY unstable around the 110
4/24/2017 8:01:25 AM
The bulls look to face tiredness and take a breather, letting a brief stage of upside merging in USD/JPY around 110.05 handle, after the latest increase.
Though, the major unsuccessful to stand the rally above 110.48 levels, as broad based USD sell-off caused by a huge rally in EUR/USD capped the upside momentum.
A break above 110.53 would represent 111.03 and 111.49. On the flip side, a break of support at 109.80/86 could yield a test of 109.51 and 109.10.
FOREX market analysis by FxErvin.