USD/JPY: bears taking on the 100 handle in Tokyo

USD/JPY is currently attacking the downside with a test of the 100 handle in jeopardy i the open of Tokyo.

The Yen has been firm across the board while the greenback is now getting hit by offers in Asia that is now taking on the baton while markets discount the hawkish of last week's rhetoric from Fed members. Overnight, USD/JPY was held to a 20 pip sideways range but the price has dropped towards lows of 19th Aug at 100.03, despite the recent comments from BOJ's Governor Kuroda, who said that the Central Bank won't hesitate to cut rates further into negative territory. 

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USD/JPY levels

Spot is presently trading at 100.15, and next resistance can be seen at 100.21 (Yesterday's Low), 100.33 (Hourly 100 SMA), 100.33 (Daily Open), 100.39 (Hourly 20 EMA) and 100.42 (Daily High). Next support to the downside can be found at 100.05 (Daily Classic S1), 100.04 (Daily Low), 99.89 (Monthly Low), 99.89 (Weekly Low) and 99.89 (Annual Low). Regarding candlestick formations, we can see Dark Cloud Cover formation on the 1-hour.