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2016.05.0121:15:00UTC+00Fxwirepro: Japanese Yen Hits Fresh 18 –month High Against US Dollar in Early Asian Hours

  • 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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