Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
USD: a drop 15min before the American session
Information is not investment advice
Right before the US session starts, the USD dropped much of its value.
Against the JPY, it fell to 106.65, which is already below the 2-month support left from June 6, and now it has 106.00 – the lowest low since March.
In the meantime, EUR/USD rose to 1.1332 coming to test the June 16’s resistance of 1.1350. If the risky moods persist as observers say, we may see the USD get significantly beyond these levels. However, this movement will exhaust itself some time, so be there for a retrace.
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