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15 Dec 2014
USD/JPY falls to daily lows at 117.60
FXStreet (San Francisco) - The USD/JPY got a rejection at the 118.9 area as the USD was dragged by lower oil prices that sent the pair to daily lows around 117.60.
Currently, USD/JPY is trading at 117.97, down 0.58% on the day, having posted a daily high at 119.08 and low at 117.61. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair extends declines below 117.60, it will find support at 117.40 and 117.20. To the upside, resistances are at 119.00, 119.50 and 119.90.
Currently, USD/JPY is trading at 117.97, down 0.58% on the day, having posted a daily high at 119.08 and low at 117.61. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair extends declines below 117.60, it will find support at 117.40 and 117.20. To the upside, resistances are at 119.00, 119.50 and 119.90.