FXStreet (Córdoba) – USD/JPY turned to the downside after hitting a daily high at 124.39 and dropped below 124.00. Currently trades at 123.96, marginally higher for the day and far from the highs.
Greenback lost strength in the market during the last hour and trimmed gains. Stocks in Wall Street are falling. The Dow Jones is down 0.62% and the Nasdaq drops 0.37%. Federal Reserve policy expectations and the Greek crisis are the main focus of attention for traders.
Regarding Greece a deal has not been reached. According to a Greek official, differences are substantial. The Finance Minister of Belgium said that today a deal today can’t be reached but they will see if it can happen tomorrow.
USD/JPY technical levels
To the downside, support levels might lie ta 123.70 (daily low), 123.55 (June 23 low) and 123.30. On the opposite direction, resistance now could be located at 124.15, 124.40 (daily high) and 124.60.
(Market News Provided by FXstreet)