USDJPY extended sell-off sparked by the recent BoJ move and broke below the 132.00 level. One of the most traded currency pairs fell nearly 600 pips only during today's session and if current sentiment prevails support at 130.60, which is marked with previous price reactions, may be at risk. Should break lower occur, next support to watch can be found at lower limit of the descending channel and 50.0% Fibonacci retracement of the upward wave launched in January 2021.
USDJPY, D1 interval. Source: xStation5
🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)
BREAKING: US Department of Justice Drops Probe Against Powell❗️Dollar slides along bond yields 📉
Market Wrap: Indices try to recover on US-Iran negotiations hopes 🇪🇺 SAP surges 6% after earnings 📈
Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸