Japanese Yen (JPY)

The Yen rose against other major currencies on speculation that tensions in the Middle East and North Africa will worsen, boosting demand for the yen as a refuge. The USD/JPY has broken the support level at 83.00, and therefore the momentum becomes bearish for the US Dollar. As long as the rate is below 83.20, a short position is preferred. Overall, USD/JPY traded with a low of 82.57 and with a high of 83.42. No economic data is expected today.

USD/JPY-Last: 82.59

Resistance

82.85

83.26

83.53

Support

82.50

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