Pair is well supported below ¥115.00 marks and made intraday low at ¥114.25 levels.
- Oil prices sank over 6% overnight; Yen and Gold turn out to be the safe haven assets for the investment.
- In addition, stock prices in Japan also crashed by more than 2%. Japan's benchmark Nikkei 225 index was trading 2.40% lower to 15699.92 points in morning trade.
- In data front, Japan released PPI figures with negative numbers at -3.1% vs -3.5% previous release.
- Intraday bias remains bearish below the ¥115.26 marks.
- A daily close below ¥114.20 is required to confirm the more bearish trend.
- Alternatively, reversal from this level may drag the parity above ¥116 marks.
- On the downside, major support levels are seen around ¥114.06, ¥113.85 and ¥113.41 levels.
- On the other side, resistance levels are seen at ¥115.26, ¥116.78 and ¥117.35 levels.
We prefer to take short position on rallies. Sell USD/JPY around ¥114.50, stop loss ¥115.85 and target ¥113.41 levels.


FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD retreats as Middle East instability weighs
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro- Major Pair levels and bias summary
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: USD/ZAR gains some ground, but downtrend remains 



