USD/JPY under pressure, but no break yet

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    On Wednesday, global equities turned again sharply lower. Early in the session, the dollar also felt the heat. However, key support levels held again under severe test. USD/JPY dropped briefly below the 116.18 August low, but rebounded. US equities regained most of the heavy intra-day losses late the session, helping the dollar off the intraday lows. USD/JPY closed the session at 116.94 (from 117.64 on Tuesday) EUR/USD ended session at 1.0890 from 1.0908. USD trading was again driven by global

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