Japanese Yen (JPY)

The dollar rose against the yen as oversold conditions were seen and the lowest support level had not been broken. Household Spending came out at -1%, better than the expected -1.3%. Breaking the support level of 81.60 might extend the decline in the pair. Overall, USD/JPY traded with a low of 81.61 and with a high of 81.97. No major economic data is expected today.

USD/JPY-Last: 82.14

Resistance

82.20

82.55

82.85

Support

81.60

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