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FxWirePro: Japanese Yen hits fresh 18 –month high against US dollar in early Asian hours

Monday, May 2, 2016 1:15 AM UTC

USD/JPY is currently trading around 106.27 marks.
It made intraday high at 106.72 and low at 106.13 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at 107.87 levels.
A daily close below 106.15 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.
Alternatively, reversal from key support will take the parity higher towards key resistances at 107.87, 109.49, 111.23, 112.60 and 113.42 levels respectively.

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FxWirePro: Japanese Yen hits fresh 18 –month high against US dollar in early Asian hours

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