Japanese Yen (JPY)

The Yen has continued to weaken versus the Dollar as Unemployment Claims in the U.S came out better than expected weakening the appeal for the Yen. Overall, USD/JPY traded with a low of 91.91 and a high of 93.14. USD/JPY is on a daily uptrend and faces resistance at 93.3. USD/JPY is near overbought conditions on the RSI and might face a downward correction. Today, Monetary Base is expected with 3.5% versus 3.8% prior.

USD/JPY-Last: 92.70

Resistance

93.20

93.50

93.85

Support

92.45

91.90

91.60

USDJPY

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