FXstreet.com (Buenos Aires) - USD/JPY Current Price: 94.78. Another failed attempt to regain 95.00 send the pair down back to 94.75 zone, with price back under 20 SMA and indicators pointing for further losses in the following hours.
However, pair will likely follow stocks rather than indicators; expect the pair to remain range bound with the upside capped, yet still far from defining a trend ahead of Japan elections next August 30th, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 94.75 94.45 94.10. Resistance levels: 95.00 95.30 95.60.