USD/JPY: yen under pressure on prospect of Clinton victory

Currently, USD/JPY is trading at 105.12, up 0.60% on the day, having posted a daily high at 105.21 and low at 104.28.

Wall Street has rallied on the back of the Clinton's sweeping to victory in Dixville Notch and of course, the FBI giving up the investigation in Clinton's emails and private server that was abruptly reopened just eight days before the investigation was concluded lead to a risk on day yesterday and the Yen is highly vulnerable at the moment. 

USD/JPY levels

Spot is presently trading at 105.14, and next resistance can be seen at 105.19 (Daily Classic R2), 105.21 (Daily High), 105.29 (Monthly High), 105.73 (Daily Classic R3) and 106.32 (Weekly Classic R2). Support below can be found at 104.84 (Daily Classic R1), 104.72 (Weekly Classic R1), 104.65 (Yesterday's High), 104.64 (Hourly 20 EMA) and 104.50 (Daily Open).