FXstreet.com (CÃ³rdoba) - In a day that financial markets respond with optimism to new economic data the dollar fell across the board. Not even against the yen the greenback could rise. Normally, in days like these when markets went up and riskier assets benefit the dollar used to fall against European currencies but gain to Japanese yen. Today that didn't happen and dollar fell also against the yen.
During the American Session USD/JPY broke support area at 99.30 and started to rally downside. The lowest was reached at 98.71. After that the pair rebounded but failed to stay above 99.00. At today low we have an important support zone; the next one is at 98.50. In the upside we found resistance at 99.10 and 99.60 (May 1 high).
The yen lost against European currencies. GBP/JPY is at 148.68 which is 0.40% above opening price. At 149.20 (above Friday highs) there is a key resistance level for this pair. EUR/JPY also rose today reaching a day high at 132.87. Now is being traded 0.63% higher than the opening at 132.67.
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