FXstreet.com (Barcelona) - USD/JPY rose on Wednesday to 94.55 high after better than expected U.S. new home sales, but the pair reversed aggressively giving away more than 100 pips, to hit a new home month low at 93.35 although the pair still remains above 93.40 support level.

In case of confirming decline below 93.42 (Aug 21 low), next support levels could be located at 93.10 (Jul 22 low) and 92.95 (trendline support). On the upside, a potential rebound might find resistance at 93.80/90, and above here, 94.63 (Aug 25 high) and 95.05 (Aug 24 high).

EUR/JPY rose on Wednesday to 135.15 high and turned down to decline during U.S. and Asian sessions to reach 133.15 session low in Asian trade. At the moment, the Euro trades at 133.40 with support levels at 133.20 and 132.90. Resistance levels lie at 134.45 and 135.80/85.

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