USD/JPY’s Decline Finds Support at 96.20
June 16, 2009 by admin · Leave a Comment
The 130 pips rejection movement from 97.30 has found support at 96.20 level. The pair has begun to rise slightly to levels above 96.40. Currently, the pair is trading around 96.35/45, 1.30% below today’s opening price.
Valeria Bednarik, FXstreet.com collaborator, comments that the Yen is winning on risk aversion: “Wall Street is following the previous session’s negative tone and stands barely positive at this moment, unable to move away from opening levels.” Read more…
