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USD/JPY takes another hit below 140
Following on from an earlier update, noting the dip below 140 today in the USD/JPY, the dollar has just slid to set a new session low at 139.73. The further relapse has helped the Dollar lose a little more ground elsewhere and it has further dented the opening outlook for the European stock markets this morning. Looking at longer term charts on the USD/JPY, there is not much in the way of identifiable support this side of a low point set back in July 2023. The low that month was set at 137.25. That is not to say such a price point is the next target though, but more to note there is little in the way of where it was then and where it is night now. The USD/JPY is currently trading at 139.77
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