USD/JPY dips back below 100.00

USD/JPY surrendered mild intraday gains and fell back into the red during the American session, as the greenback continues to feel the pressure from less hawkish than expected FOMC minutes.

USD/JPY was rejected from a daily high of 100.49 and turned south, with the pair recently crossing upside-down the 100 mark to hit a session low of 99.85. At time of writing, USD/JPY is trading at 99.90, down 0.35% on the day.

USD/JPY technical levels

In terms of technical levels, immediate supports could be found at 99.53 (Aug 16 low), 98.98 (Jun 24 low) and 98.00 (psychological level). On the flip side, resistances are seen at 100.49 (Aug 18 high), 101.21 (10-day SMA), 102.00 (psychological level) and 102.26 (Aug 12 high).