USD/JPY extended its downside movement from 114.54 to as low as 110.14. A further decline is still possible and the next target would be at the 108.00 area.
USD/JPY extended its downside movement from 114.54 to as low as 110.14.
A further decline is still possible and the next target would be at the 108.00 area.
Near term resistance is at 111.50, above this level could bring the price back to 112.50 area.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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