USD/JPY revisits the 110.00 handle again, what's next? - ConsultFX

USD/JPY revisits the 110.00 handle again, what's next?

This time coming after a rejection from the topside Yesterday's high tested the resistance at the 61.8 retracement level and the 2 February high near 110.85 and buyers failed to hold a break above that. The daily close stayed above the 200-day MA (blue line) but trading today sees the pair fall below that and now