The USD/JPY dropped further on the back of a weak Greenback across the board.

[kv2121]

The USD/JPY dropped further on the back of a weak Greenback across the board. The pair reached a fresh weekly low at 76.65 and remains near the lows, eyeing January lows.

If the pair drops below 76.53 it would be trading at the lowest levels since October 31. The US Dollar is headed toward the worst daily performance against the Yen since August 2011.

"It looks like USDJPY could be buildingup downside momentum with the possibility of returning to the mentioned support at 76.54 level, its Jan 17'2012 low. If that level is taken out, further declines should shape up towards its 2011 low at 75.57 where a violation will aim at the 74.00 level ahead of the 73.00 level, all representing its psycho levels," says Mohammed Isah from FXTechstrategy.

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As continued as hold 28000-28310 balderdash favour. Attrition 28610 and more
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