Forex - USD/JPY sharply reverses, trades downtrodden After - TopicsExpress

Forex - USD/JPY sharply reverses, trades downtrodden After trading noticeably higher earlier in Friday’s Asian session, the U.S. dollar sold-off against the Japanese yen to trade lower against the Japanese currency. In Asian trading Friday, USD/JPY fell 0.13% to 100.30 after earlier trading as high as 100.87. The pair was likely to find support at 99.03, Wednesday’s low and resistance at 101.20, the high of July 10. The greenback turned in a strong showing against the yen during Thursday’s U.S. session, soaring 0.74% after Federal Reserve Chairman Ben Bernanke said in congressional testimony the central bank could scale back its asset purchases if the economy continues to improve, but added that there was no “preset course.” ... Read more : forex-tsd/financial-news-analytics/26338-forex-news-441.html#post621881

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