USD/JPY breaks again: What’s going on?

FXStreet — The dollar remains the weakest currency in the FX universe. In response, the USD/JPY in the American business to a new session low at around 112,25.

The currency pair is meanwhile, the second day in a row under pressure and extended its reversal from a 2-month High in well-114,40. Blame it on the high risk aversion on the international financial markets due to concern over a political escalation in the largest economy in the world, what pushes the safe haven Japanese Yen on a broad Front.

US President, Donald Trump has asked the New York Times, according to the former FBI Director, James Comey, the investigation against Ex-U.S. security Advisor, Michael Flynn, and Russia. This resulted in additional sales of the Greenback, which was already in the run-up to the news due to the disappointing fancy economic data under pressure. In fact, listed on the U.S. Dollar Index recently at its lowest level since the beginning of November, what is the main currency pair, apparently heavily loaded.

In the further course of a day, there are no significant economic data on the Agenda, so that the US Dollar more game ball of the US policy are expected to remain. In the Asian business will then be published in the estimate of Japanese gross domestic product for the first quarter.

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Important Course Brands

The next supports lie at 112,10/112,00, 111,50/45 111,00. Technical Resistances are at 112,50, 112,70/75, 113,00 (round mark) and 113,30/35 (horizontal resistance).

** FXStreet News Editorial, FXStreet**

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