USD/JPY: Bears target 117.50 - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that USD/JPY pair trades near a 2-week low.

Key Quotes:

"In the 4 hours chart the Momentum indicator aims to correct higher in negative territory, but the RSI heads lower around 42, limiting chances of a stronger recovery."

"A new attempt towards the downside that sends the price below 118.30, should see the price extending lower, eyeing as a probable daily target the 117.50 price zone."