Japanese Yen (JPY)

The Yen gained versus the Dollar after overbought conditions and the Dollar's weakness versus the other majors led the Dollar lower. Monetary Base came out stronger with 5.2% versus 3.5% expected. Overall, USD/JPY traded with a low of 92.18 and a high of 93.21. USD/JPY is facing strong resistance at 93.30 and until it breaks above this level it is more likely to continue its correction downwards. No major economic data expected today.

USD/JPY-Last: 92.45

Resistance

92.95

93.20

93.50

Support

92.25

91.90

91.60

USDJPY

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