October 21, 2017

MTECHTIPS

MTECHTIPS:USD/JPY rallies, but pares gains in Asian trade

The dollar soared against in the yen in Monday’s Asian session, following the results of Japan’s election, but the pair’s gains were clipped somewhat as the session went along. In Asian trading Monday, USD/JPY jumped 0.6% to 84.05, but that is well off the high of the session of 84.31, also the opening print. USD/JPY traded as low 83.86. The pair was likely to find support at 82.31, Tuesday’s low, and resistance at 84.34, today’s high.

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