USDJPY moves lower to test the August low and finds support buyers. ...Middle East

The USDJPY has seen up and down volatility after the US jobs report and subsequent market volatility. The tumble in US stocks and move lower in yields may have an influence as well as sellers pushed the price lower. Technically however, the low price today at 141.75, 10 apex of the low price from August 5 (that Nikkei -12.4% decline day), and buyers stepped in. The current price is trading at 142.43 on the bounce.What next?The high price today soon after the jobs report did see the price extend back above a swing area between 143.39 and 143.67. The high price reached 144.03, but momentum cannot be sustained. That area nevertheless represents a key upside target to get to and through on more

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USDJPY moves lower to test the August low and finds support buyers. ...Middle East

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