Japanese Yen (JPY)

The Yen strengthened versus the Dollar after the Dollar weakened on Friday due to Bernanke's declaration, which then led investors to prefer the Japanese currency. The USD/JPY main support is at 83.00 and if the pair breaks below this level, the Dollar will probably continue to decline towards the 82.00 level. Overall, USD/JPY traded with a low of 83.03 and with a high of 83.53. No economic data is expected today.

USD/JPY-Last: 83.12

Resistance

83.40

83.70

84.00

Support

83.00

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