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 82.30, and therefore the momentum is still bearish for the US Dollar. The pair reached to 81.61 the lowest price since February 4. In addition the pair needs to return above 83.96 to reverse its present bearish offensive. Overall, USD/JPY traded with a low of 81.61 and with a high of 83.42. No economic data is expected today.

USD/JPY-Last: 81.90

Resistance

82.10

82.30

Support

81.80

81.60

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