USD/JPY reverses lower after hitting 115.26
The US dollar skidded lower after Yellen began talking about negative rates.
Bids:
- 113.73 - session low
- 113.50 - Barrier, stops
- 113.42 - Nov 5, 2014 low
- 113.32 - 50% of the 100.78 to 125.86 range
- 113.17 - Nov 4, 2014 low
Offers:
- 114.21/26 - Feb 8 low/Asian low
- 114.49 - European low
- 115.26 - Daily high
The reversal today is a strong negative signal for this pair. I don't see any significant support until close to 110.00.
