FXstreet.com (London) - Nikkei is currently trading up +0.6%, resource sector reacting to strengthened oil prices and exporters buoyed by a weaker Yen. According to DowJones newswire: The market is no longer worried about sudden, sharp yen strengthening for the time being.

BoJ have expressed concern about the strengthening Yen and its deflationary pressures, and have recently injected billions of Yen in liquidity into the market.

Against the Greenback the Yen currently trades at 90.39, virtually unchanged from the open. For resistance and support we keep the same level as in this earlier report on the pair.

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