USD/JPY: consolidating as we count down the hours until the results of the US election

Currently, USD/JPY is trading at 104.48, down -0.03% on the day, having posted a daily high at 104.61 and low at 104.39.

USD: FBI provides last minute boost for Hillary Clinton – MUFG

Clinton off the hook and markets are risk on - ANZ

USD/JPY is currently consolidated in nervous Asian markets, despite a risk on day overnight and turnaround day on Wall Street. Wall Street rallies hard on turn-around Monday ahead of US elections

Wall Street rallied on the back of the Clinton polls and FBI giving up the investigation in Clinton's emails and private server that was abruptly reopened just eight days before the investigation was concluded. This was a positive for markets favouring a Clinton victory and more of the same, status quo, while Trump would be a huge upset for stocks and USD/JPY bulls otherwise.   

USD/JPY levels

Current price is 104.46, with resistance ahead at 104.50 (Daily Open), 104.61 (Daily High), 104.65 (Yesterday's High), 104.72 (Weekly Classic R1) and 104.82 (Weekly High). Next support to the downside can be found at 104.39 (Daily Low), 104.36 (Hourly 20 EMA), 104.22 (Hourly 200 SMA), 103.92 (Daily Classic R3) and 103.76 (Yesterday's Low).