FX Board: JPY surges on weak risk appetite

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Key developments in FX today A brutal start to 2016 in Asian equity markets saw the JPY surging stronger and USDJPY taking out the 120.35/00 support zone and falling close to the final support area between 118.50-118.00. Elsewhere, the JPY strength saw notable levels tested, including new lows since last April in EURJPY and a test of the lowest levels since 2014 in GBPJPY - at the critical 175.00 level. Elsewhere, the USD was mixed to weaker early in the day, with EURUSD attempting to rally

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