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USD/JPY skids 50 pips from the high as stocks and bonds reverse

Discussion in 'Technical Analysis' started by ForexLive, Sep 9, 2015.

  1. ForexLive

    ForexLive Forum Member

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    USD/JPY trims gain to 120.62 from as high as 121.20 The pair remains up a healthy 80 pips on the day but the souring of risk appetite has trimmed gains. The declines knock USD/JPY back below the 200-day moving average. One support level to watch is 120.41, which was the July low.

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