Usd / jpy could not continue the recovery
After parting with the hope of further recovery, USD / JPY retreated to 109.50 in the middle of the New York session.
The pair ran into offera near 109.75. Moreover, it puts pressure on the degree of continuing geopolitical tensions surrounding North Korea and Syria. Into the hands of the yen has played a renewed drop in Treasuries yields.
The publication of US data on prices for import / export, was omitted players on deaf ears. Basically a couple focuses on market sentiment.
Now the attention of traders focused on China's data on trade balance, that may affect the players craving to take risks and to reduce the demand for risk-free yen.
Levels of USD / JPY
Near term support is marked near the mark of 109.20. Breakdown accelerate the decline and will couple first near 109.00, and then send a very important 200-day SMA near 108.55.
Attempts to restore the above session highs near 109.75 face strong resistance near the psychological mark 110.00. A breakthrough in the area will pave the way to the area of the intermediate resistance near 110.25, and then send a pair to the area of 110.50.
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