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FXStreet (Tokyo) - After declining from 119.75 to find support at 119.40, the USD/JPY performed a small bounce to the 119.50, today's pivot point at 119.55. However, the USD/JPY was sold again at this level and currently it's trading at daily lows around 119.40. The move is mainly fueled by an extended US dollar corrective slide from the previous session.
Currently, USD/JPY is trading at 119.44, down 0.20% on the day, having posted a daily high at 119.79 and low at 119.42. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/JPY levels
If the pair extends loses beyond 119.40, the USD/JPY will find next supports at 119.30, 119.25 and 118.80. To the upside, resistances are at 119.50, 119.80 and 120.00.
