FXstreet.com (London) - US markets posted slim gains last session, and any movement in the final subtended session of 2009 will likely be subdued due to lack of market players. The string of good news for the US has snowballed in the last weeks sending the Dollar index higher and higher
USD/JPY trades at 92.32, down on the open, despite posting gains early in the session. Dollar was mixed but soft against its major trading partners.
In the unlikely case of a sharp move in the session, Valeria Bednarik, collaborator at Fxstreet.com guides us on the technicals: Pair continues well supported above the 92.00 area, despite general thin trading conditions. With Japan market closed, expect the pair to remain in range, thus holding the bullish bias; above 92.80, pair will likely extend the rally to the 93.10 area, before reaching 93.40 zone.