USD/JPY stable below 114 handle after minor correction stalls in Tokyo

Currently, USD/JPY is trading at 113.83, up 0.06% on the day, having posted a daily high at 113.97 and low at 113.73.

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USD/JPY is a touch softer in the Tokyo open, testing the downside below the 114 handle and the minor recovery from the 1hr 200 sma on the sell-off from 114.44 has hit a roadblock. The theme has otherwise been how the markets had shrugged off the Italian no vote. US and European equities are higher, as are commodities. Otherwise, the US data was positive, but the dollar failed to get a major lift on it.

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USD/JPY levels

Spot is presently trading at 113.83, and next resistance can be seen at 113.89 (Hourly 20 EMA), 113.97 (Daily High), 114.09 (Daily Classic R1), 114.42 (Monthly High) and 114.42 (Weekly High). Support below can be found at 113.76 (Daily Open), 113.74 (Hourly 100 SMA), 113.73 (Daily Low), 113.71 (Daily Classic PP) and 113.25 (Weekly Classic PP).