Flash: USD/JPY slips back towards the 200 day moving average at 97.15 – Commerzbank

FXstreet.com (Athens) – Axel Rudolph, Head Technical Analyst at Commerzbank mentions that the USD/JPY is slipping back down towards the 200 day moving average at 97.15 which guards the current October low at 96.55 and the seven month support line at 95.82.

Key Quotes

“The picture will remain immediately bearish while USD/JPY remains below this week’s high at 99.01. Today some low volatility sideways trading seems to be on the cards, though.”