Published August 12th, 2009 - 06:38 GMT Al Bawaba The USDJPY has been violent lately - moving quickly in both directions. Last week’s spike has nearly been entirely retraced. The decline from 97.81 is impulsive, suggesting that the trend is indeed down. Fibonacci resistance extends to 96.78. LatestPopular "Taiwan Is Not for Sale": Tense files shadow Trump–Xi meeting Shipping grinds to a halt in the strait of Hormuz after Trump remarks Egyptian singer Hany Shaker dies aged 73 Greater Israel map, nooses: Ben-Gvir's birthday cake sparks controversy Ukraine strikes Russian tankers near Novorossiysk port Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news