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European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 8, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY recovered overnight after comments from several Japanese officials has led to speculation that the BoJ will intervene in markets to weaken the Yen. The pair rallied from 108.20 in the early Asian session to a high of almost 109.00. Resistance is seen at 109.80 and 110.50, while the key support level remains 107.75.[​IMG]

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