FXstreet.com (Barcelona) - USD/JPY has dropped during Asian session from levels about 94.90 to test last week's low at 94.40 ahead of the European session opening. On a wider perspective, the Dollar continues its decline from 97.75 high on August 7.

Initial support level lies at the mentioned 94.40 (Aug 14 low), and below there, next support levels could be located at 94.00 (Jul 29 low) and 93.55 (Jul 23 low). Resistance levels lie at 95.05/15 (13/12 Aug lows), and above there, 95.40/50 (Aug 14 high), and 95.70/80.

EUR/JPY decline from 137.85 high on August 13 has extended below 134.00 on Asian session as the Euro hit a fresh 2-week low at 133.45. Support levels lie at 132.80/90 and 132.10. On the upside, resistance levels are 134.90 and 135.35.

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