Forex: USD/JPY falls hard to test 97.05; 10-day low

FXstreet.com (San Francisco) - The Dollar is currently trading lower against the Japanese Yen with the USD/JPY sinking around 100 pips in the last hour from 98.15 to break down the 97.60 and reach fresh lowest level since April 5 at 97.05.

Currently, the USD/JPY is pricing at 97.30, 0.88% down on the day and slightly bearish according to the FXstreet.com trend index. INdicators such as Momentum and CCI are bearish while the MACD and Stochastic are neutral.

Below the 97.15, next support is at 97.00 ahead the 96.40. Resistances are at 98.25, 99.00 and 100.00.