USD/JPY hits fresh lows under 120.00

By FXStreet FXStreet (Córdoba) – USD/JPY dropped further after Wall Street opening bell and dropped momentarily below 120.00. The pair bottomed at 119.96, the lowest since Thursday and then bounced back above 120.00.

Currently it trades at 120.08/12, 50 pips below the level it closed on Friday. The pair is moving with bearish intraday trend. Stocks in Wall Street opened the Fed week in negative. The Dow Jones was down 0.24% and the Nasdaq was losing 0.35%. US government bond yields were falling with the 10-year yield at 2.17%.

USD/JPY technical levels

To the upside, resistance levels now might be located at 120.15, 120.45 (European session high) and 120.85 (daily high). On the opposite direction support could be located at 119.96 (Sept 10. 14 low), 119.65 and 119.20.
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Source:: FX Street