US dollar continued its fall versus Japanese yen on Thursday, as dropping Nikkei 225 by 5.2% during Asian trade, made investors reconsider their positions and look for safe haven in Japanese currency.
USD/JPY pair fell to 100.45 during the later hours of Asian session, lowest value since May 9th, after which consolidation followed at 100.60-100.65. Support was expected at psychological 100.00 level, while resistance was to be met at current session high, 101.55.
Thursday volatility in Japanese bond market impacted stocks, which caused Japanese yen to gain strength versus its peers.
Meanwhile, investors expect the weekly data for Initial Jobless Claims and a series of crucial indicators from United States later this day.
Japanese yen expanded versus the euro as well, as EUR/JPY fell to 130.42.
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