proved to be the key for buyers in keeping the pair afloat. But amid the risk-off mood in markets today, we're seeing sellers finally making a case for a downside break. The pair has struggled in the past two hours, falling from around 155.80 to 154.70 levels now. This comes as bond yields are also slumping in European morning trade.
Thereafter, the downside focus shifts towards the 200-day moving average of 152.80 currently.
The broader market mood will remain a key driver in all of this. But from a technical side of things, the doors are open for sellers to go in search of something.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about usd jpy threatens firmer break under 155 00 on safety flows was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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