USD/JPY continues dropping quickly ant now the pair is testing the 96.00 level after falling around 90 pips from 97.20 to 96.10, fresh May high, in the American session. Currently the pair is trading around 96.15/25, 1.40% below todays opening price.
USD/JPY is dropping to 96.00: "Price action on USD/JPY has been dropping substantially since last Friday after hitting strong resistance in the 99.55-99.75 price region. This bearishness has pushed price all the way down to approach strong support around the key 96.00 level"
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