Japanese Yen (JPY)

 

 

The Yen traded near a one week high against the Dollar on speculation that the U.S. economy isn't recovering fast enough to spur the Federal Reserve to start raising interest rates. As long as the USD/JPY is trading above 82.00 levels, a long position is preferred. The next resistance on the one hour chart is located at 83.10. Overall, USD/JPY traded with a low of 82.41 and with a high of 83.06. No economic data is expected today.

 

 

USD/JPY-Last: 82.90

 

Resistance

83.10

83.30

83.50

Support

82.70

82.50

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