USDJPY could decline towards 105.00 for FX:USDJPY by AbansGlobalLimited — TradingView


USDJPY has continued to decline consistently since early June from 109.85 levels, owing to the strength in yen; the currency pair has declined and made a low of 104 in the second half of September, from where USDJPY has rebounded to hit a high of 106.12 (on 7th of October). The pair currently stands at the resistance of a downward sloping trend line where it could face resistance to drop towards 105.45 and 105.00 in the near term while it sustains below 106.35.



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