• USD/JPY is having a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs). • The dovish FOMC minutes weakened the US Dollar further. • USD/JPY bears rejected the 109.00 figure and the 50 SMA. • USD/JPY is trading below its main SMAs suggesting short-term bearish momentum. • USD/JPY bears are trying to break below the 108.00 level. A continuation down would open the doors to the 107.30 level. Additional key levels USD/JPY Overview: Today Last Price: 108.05 Today Daily change: -72 pips Today Daily change %: -0.662% Today Daily Open: 108.77 Trends: Previous Daily SMA20: 110.78 Previous Daily ... (full story)