FXstreet.com (Buenos Aires) - After past Tuesday strong rally, dollar and yen are likely to extend current bullish rally during Asian session, as regional markets are expect to follow New York falls. DJIA ended 2.0% down, while S&P was down around 2.2%. That would likely send yen crosses lower that actually quote at around key points: USD/JPY under 93.00, with 95.50 and 95.20 as immediate support zones, GBP/JPY at 150.00 looking quite bearish with supports at 149.20 and 148.60 ahead of 148.10 and EUR/JPY already under yesterday's low, aiming for a retest of 131.00 level.
EUR/USD holds above 1.4200, with 4 hours charts suggesting a downside continuation to 1.4180 first, and 1.4150 then. If this last gives up, expect some strong downside momentum in the pair. Upside corrections should remain contained at 1.4250/80 area. GBP/USD also bearish should breach under yesterday's low of 1.6115 to extend rally, with next supports at 1.6060 and the 1.6020 area.