FXStreet – The USD/JPY could 111,00 overcome, according to the on Thursday, the 3-week low at 110,20 was formed.
USD/JPY weakened by risk aversion, Trump
The Few attempts its recovery from the recent Low from the area of the 110,20 expand, after which the sale had to put a pressure against the Greenback, with the risk aversion, the safe haven of the JPY beneficiary.
The returns of the US money markets remain on the defensive and, despite the slight recovery in the last few hours. The 10-year yield quoted by 2.24 %, the lower end of the one month range.
The Trump-Russia-FBI controversy caused political uncertainty in the United States and a global risk aversion, which has been the main driver for the price decline went hand in hand. Add to that the renewed tensions between the United States and North Korea, making the Japanese Yen as a safe haven, a favorite of investors.
From Japan there were no data from the US there is only the St. Louis Fed’s J. Bullard (2019 voters, centrist) speech.
USD/JPY tested levels
Currently, the daily gain of 0.04% in the case of 111,52 and the next Resistances is at 111,76 (55-day SMA), 111,99 (38,2 % Fibo of the 108,11-104,39) and 112,30 (20-day SMA). On the other hand, supports are located at 110,21 (Tief 18. May), 109,78 (200-day SMA) and 109,59 (76,4 % Fibo from 108,11-114,39).
** FXStreet News Editorial, FXStreet**