Japanese Yen (JPY)

The Yen weakened versus the Dollar and the Euro as speculations the government will intervene in the currency markets to help exporters caused investors to sell the Yen. Tokyo Core CPI came out worse at -2.1% versus -2.0% expected and -1.9% prior. Overall USD/JPY traded with a low of 88.70 and a high of 89.91 and EUR/JPY traded with a low of 129.83 and a high of 131.48. Today, Prelim Industrial Production is expected at 1.9% versus 2.1% prior. Average Cash Earnings are expected at -3.9% versus -5.6% prior.

USD/JPY-Last: 90 

Resistance

90.25

90.8

91.6

Support

89.15

88.75

88.25

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