USD/JPY dipped to 99.20
USD/JPY failed to fix at yesterday highs at 100.60 and fell to 99.20. We see that the pair dipped into the bullish H4 Ichimoku, but has quickly recovered to the top of the cloud (99.60).
Japan machinery orders showed stagnation tonight, reviving concerns about the state of the Japanese economy. Today the US jobless claims could influence the currency pair.
Resistance: 99.60, 99.70, 100.80
Support: 99.20/15, 99.00/98.90, 98.50
Chart. H1 USD/JPY