USDJPY 2016-06-24

USD/JPY

102.35

Market drop in fast action as U.K voter decide to leave EU which spur demand for safe haven

market managed to hit 98.90 area where market still anticipate that any prices below 100.00 may spur Japan Central Bank to intervene at market to weaken the Japanese Yen

so far technical seeing resistance at 103.20 where as long as market holding below this zone another drop will be expected toward 100.00-70 zone

however any drop below 100.00 we may ask traders to stay alert where any Intervention may hit the Dollar/Yen from BOJ

	Support	Resistence
Level 1	101.95	103.20
Level 2	100.70	104.10
Level 3	99.80	105.70