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USD/JPY falls to fresh 1-week lows

FXstreet.com (Córdoba) – The selloff of the USD/JPY intensified at the beginning of the American session amid mounting concerns over the Syria turmoil.

The USD/JPY broke below the 97.65 support zone and triggered stops, falling to a fresh 1-week low of 97.33 in recent dealings. At time of writing, USD/JPY is trading at the 97.45/50 area, where it records a 1.1% loss on the day.

The Yen is among the best performers on Tuesday, benefited by its safe-haven status, amid mounting concerns about possible US military intervention in Syria.

USD/JPY technical levels

IN terms of technical levels, if USD/JPY breaks below the 97.30 …read more