The USD/JPY fell in Asia and stays underneath 122.41 (23.6% of 118.06-123.76), while the treasury yields debilitated modestly.
Danger off ahead?
The move demonstrates the danger off inclination may win in the European session. The real European value record prospects are exchanging level to negative, while the Asian markets exchanged blended.
Be that as it may, the customary places of refuge are on the ascent in ahead of schedule Europe. Indeed, even gold costs crawled higher to close USD 1180/Oz levels, while the 10-year treasury yield dribbled right around 2 premise focuses. It stays to be checked whether the European values turn higher or take after the places of refuge and endure misfortunes.
USD/JPY Technical Levels
The pair tumbled to a new session low of 122.26. The quick resistance is seen at 122.87 (10-DMA) and 123.00, above which it may test offers at 123.26 (Nov 23 high). On the other side, backing is seen at 122.22 (Nov 16 low) and 121.76 (100-DMA).
