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Forex: USD/JPY falls further to 95.65

The US Dollar is trading lower today against the Japanese Yen and after falling around 100 pips from 96.60, the USD/JPY is testing the 95.65 level. Currently the pair is trading at 95.75.

With 0.33% daily losses from opening price, the pair is slightly bearish according to the FXstreet.com's trend index. CCI and Momentum indicators are bearish while MACD and Stochastic are neutral in the 1-hour chart.

Below the 95.65, next supports are at 95.45 and 95.25. Resistances, on the other side, come at 96.15, 96.50 and 96.70.

Forex Flash: Movement today driven by fundamentals - Scotiabank

Camilla Sutton and Eric Theoret, FX strategists at Scotiabank note that market movement today is being driven by fundamentals as AUD outperforms on an impressive employment gain while NOK declines following the Norges Bank´s decision to hold rate while pushing out their rate hike bias.
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