While EURUSD is consolidating around 1.3770 the USDJPY currency is testing new lows today, weighed by negative sentiment in markets. The currency lower was 97.15 losing more than 100 pips.
As for technical analysis, the currency fell below 100-day SMA. The short term supports seem to be at 97.15 and 96.83, while the first resistance level is at 97.55.
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