Daily Review Japanese Yen (JPY) - 09/12/2009

By IBTimes Staff Reporter | December 09 2009 5:47 AM

The Yen gained versus the Dollar and the Euro as risk appetite continued to wane and investors seek the safety of the Yen. Final GDP came out weaker with 0.3% versus 0.8% expected. Overall, USD/JPY traded with a low of 88.16 and a high of 89.51 and EUR/JPY traded with a low of 129.64 and a high of 132.71. Today, Core Machinery Orders are expected with -4.4% versus 10.5% prior.

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USD/JPY-Last: 88.00

Resistance

89.17

90.10

90.77

Support

88

87.65

87

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