# USD/JPY Testing Former 99.50 Resistance (June 4, 2013) Source: https://www.tradersway.com/resources/market-info/usd-jpy-testing-former-99-50-resistance-june-4-2013/ Language: en Updated: 2013-06-04 Description: Explore USD/JPY Testing Former 99.50 Resistance (June 4, 2013). USD. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. USD/JPY kept selling off in the past few trading days as the Nikkei stock index posted sharp declines. This was enough to push USD/JPY back down from the 103.75 area to 99.50. This level coincides with a former resistance level, right after the BOJ implemented its massive QE program. It could act as support from now on since it lines up with the 61.8% Fibonacci retracement level. ![USD/JPY Testing Former 99.50 Resistance (June 4, 2013)] Stochastic is moving out of the oversold region, suggesting that the selloff is overdone and that the pair could head back to its recent highs. A stop below the previous day low of 98.86 and a target around 103.00 would be a good reward-to-risk ratio for a short-term play. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-jpy-testing-former-99-50-resistance-june-4-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-jpy-testing-former-99-50-resistance-june-4-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-jpy-testing-former-99-50-resistance-june-4-2013/", "headline": "USD/JPY Testing Former 99.50 Resistance (June 4, 2013)", "inLanguage": "en", "datePublished": "2013-06-04T11:55:35+00:00", "dateModified": "2013-06-04T11:55:35+00:00", "articleSection": "Market Info", "description": "Explore USD/JPY Testing Former 99.50 Resistance (June 4, 2013). USD. 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