Japanese Yen (JPY)

The Yen gained versus the Dollar as declines in stocks lowered risk appetite and increased the appeal of the Yen as safety. Overall, USD/JPY traded with a low of 90.59 and a high of 91.32. USD/JPY has moved down and reached the 50% Fibonacci retracement from the upside movement it made in December. Along with the Fibonacci support level daily moving averages 50 and 100 are near and all these will support the pair near 90.50. Today, Household Confidence is expected stronger with 40.3 versus 39.5.

USD/JPY-Last: 90.85

Resistance

91.30

91.55

91.80

Support

90.40

90.00

89.80

USDJPY