USD/JPY falls to 8-week low, edges through trendline support

Technical Analysis

Author: Adam Button | usdjpy

The dark days for the dollar continue

The US dollar challenged the April/June trendline yesterday and rebounded but a second test today has succeeded with a break.

There are still some bids at 109.50 but it's not looking good for USD/JPY. The big level is the June low of 108.83. If that gives way, it confirms a big double top at 114.50.