USD/JPY moves away from the minimum of the day

FXstreet.com (Cordoba) - the USD/JPY managed to reduce some of its intraday losses since the risk-aversion declined slightly, with actions also moving away from the lows on Wall Street.

USD/JPY bounces, but remains below 98.00

USD/JPY bounced from a minimum of 97.21 during the New York session, although it lost force ahead of the 98.00 mark and moved in a narrow range. At the time of writing, the USD/JPY is traded in the area of 97.75, where it records a daily loss of 0.1% on Monday.

Regarding the technical levels, USD/JPY could find immediate support at 97.20 (intraday minimum) and 97.00 (psychological level), while the resistances are in 97.90/98.00 and 98.70 (daily maximum).