FXstreet.com (Barcelona) – After rising around 65 pips in the early European morning form 93.80, USD/JPY has been rejected at 94.45, intra-day high, and pair has begun to fall to test 94.00 level. Currently the pair is trading around 94.00/10, posting 0.40% daily loses from opening price action.
George Clement, senior analyst at Swiss e Trade, doubts that the USD will take a new course in these times: “After a weak Asian session, the dollar started a recovery move in early European trading and is currently priced at 94.30. We see that recovery move ending soon, with another downward testing of the 93.85 support level today.”
