19 Jul 2013
USD/JPY savaged as Nikkei tumbles 3.5% from highs
FXstreet.com (Barcelona) - The USD/JPY has erased all its gains in the past 30 minutes of trading, with the rate returning from 100.85 fresh weekly high to now re-visit 100.25, lowest of the session so far.
Nikkei hit by heavy selling
The fall in the USD/JPY comes as the Nikkei 225 index is getting absolutely hammered, having declined from +1% to -2.5% in a matter of 30 minutes. The
USD/JPY technical levels
The savage in the pair is of very violent nature, with the past 11 hours of gains given back by a 30 minutes impulsive candle, suggesting more downside might be looming should the next hourly candle hold below 100.40/50, which would then expose 100.00 round number.
Nikkei hit by heavy selling
The fall in the USD/JPY comes as the Nikkei 225 index is getting absolutely hammered, having declined from +1% to -2.5% in a matter of 30 minutes. The
USD/JPY technical levels
The savage in the pair is of very violent nature, with the past 11 hours of gains given back by a 30 minutes impulsive candle, suggesting more downside might be looming should the next hourly candle hold below 100.40/50, which would then expose 100.00 round number.