USDJPY 2016-04-28

Apr 28, 11:34 am

USD/JPY

108.15

Market managed to hold trades below 111.95 resistance as expected where the drop correction went more beyond our target 110.35 after BOJ refrained from boosting stimulus which managed to push dollar/yen as low as 107.91 so far.

market still facing the old support zone 107.60-70 where as long as market holding above this zone a rebound correction may hit the market toward 109.50-110.00 zone before resume drop

below 107.60 market may sustain drop where 106.60 may consider a good support for rebound movement toward 107.60 and 108.50

 SupportResistence
Level 1107.60-70108.50
Level 2106.60109.50
Level 3105.20110.00-25
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