Huge volatility was witnessed yesterday, especially against the Japanese Yen. The Greenback has weakened by more than 500pips against the Yen during the U.S trade, before finally closing 200 pips lower. EURJPY cross also witnessed huge volatility where in the common currency has weakened by more than 300pips at the end of close. Though the U.S dollar has strengthened against Euro, Swiss Franc and Aussie dollar, strength infused by the Japanese Yen has put strain on the Dollar Index (DX). Volatility may be witnessed, especially against the Japanese Yen for couple of trading sessions before the world markets settle.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3740 1.3851 1.3936 1.4050
GBPUSD 1.5914 1.5987 1.6061 1.6171
USDCHF – 0.8899 0.9060 0.9153
USDJPY – 76.00 79.76 80.58
EURJPY – 106.80 110.67 111.57
AUDUSD 0.9697 0.9805 0.9850 0.9949
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