USDJPY INTRADAY BEARISH BELOW 113.72
The U.S dollar has moved lower against the Japanese Yen, hitting 113.37, as global stocks come under selling pressure, following weaker than expected company earnings figures from the United States. The USDJPY pair currently trades around the 113.50 level, as the Japanese Nikkei225 starts to correct lower during the Asian trading session.
The USDJPY pair remains intraday bearish while trading below the 113.90 level, further losses can be expected towards the 113.40 and 113.23 levels. Extended intraday support is found at 112.90 and 112.57.
Should buyers push price-action back above the 112.72 level, further bullish advancement towards the 113.89 and 114.13 levels can be expected.