USDJPY

USDJPY has exhausted its upward momentum along with the loss of strength in the dollar index. The price had already lost the 200-day exponential average demand zone. As of Friday, the horizontal support of 132.28 was also breached. The negative trend in the parity continues. It is possible to test the 129.80 band. Support: 129.80 Resistance: 134.07 – 134.87