FXstreet.com (Buenos Aires) - After falling since early European session, dollar enters Asia at the lowest levels of the day against major rivals, pointing for further falls during next trading hours. With Euro and Swiss Franc at yearly highs, and Japanese Yen barely 15 pips away of it, gold appreciation has extended past American session close and the metal quotes above $ 1191/oz, weakening dollar further.
Regional stock markets have a positive lead from Wall Street that usually supports risk appetite but Nikkei may fall as yen strengthening likely to sink major exporter stock; market players will be paying close attention to any comment coming from Finance Minister Hirohisa Fujji.
USD/JPY trades at 87.27, with immediate support at 87.10, yearly low posted past January, followed by the 86.60 zone before 86.12, June 1995 high. Corrective movements will find resistances at the 87.60 area, ahead of 88.10.