USD/JPY Price Analysis: There is a strong risk off move into the safe haven JPY currency


  • USD/JPY trades over 1% lower on the session as the risk environment turns sour.
  • The price is now testing the 76.4% Fibonacci retracement level.

USD/JPY Daily Chart

USD/JPY has really pushed lower today after a strong bout of risk aversion.

Now the pair is over 1% lower and has dropped to levels not seen since September last year.

The 76.4% Fib zone is providing some support but much of the move is fundamentally based.

If there is a conclusive close below that level then the wave low of 104.84 could be tested.

Stocks have also pulled back and gold has shot higher confirming the move into risk-off assets.

USD/JPY sell off

Additonal Levels

USD/JPY

Overview
Today last price 106.35
Today Daily Change -1.16
Today Daily Change % -1.08
Today daily open 107.51
 
Trends
Daily SMA20 109.79
Daily SMA50 109.48
Daily SMA100 109.19
Daily SMA200 108.38
 
Levels
Previous Daily High 107.69
Previous Daily Low 106.85
Previous Weekly High 111.68
Previous Weekly Low 107.51
Previous Monthly High 112.23
Previous Monthly Low 107.51
Daily Fibonacci 38.2% 107.37
Daily Fibonacci 61.8% 107.17
Daily Pivot Point S1 107.01
Daily Pivot Point S2 106.51
Daily Pivot Point S3 106.17
Daily Pivot Point R1 107.85
Daily Pivot Point R2 108.19
Daily Pivot Point R3 108.69

 

 

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