13 November 2013, 18:01  USD falls down against JPY

The USD is extending its decline from 1-month high at 99.78 vs the Japanese Yen and after falling 30 pips in the latest couple of hours, the USD/JPY has just tested intra-day lows at 99.30. Currently, the USD/JPY is trading at 99.40, 0.28% negative on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. The MACD, CCI and Momentum indicators are pointing to the south while the Stochastic is neutral. Below the 99.30, the USD/JPY could face supports at 99.10 and 98.90. On the upside, resistances are at 99.60, 99.70 and 99.80.

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