FXstreet.com (Buenos Aires) - USD/JPY Current Price: 93.52. After Finance Minister Naoto Kan undermined JPY with comments calling for a weaker currency, pair has been falling steadily, managing even to break above 93.40 strong resistance now support area; pair has not only several daily/weekly highs and lows there, but also a descendant trend line coming from 101.43 past year high.
Hourly indicators remain bullish as well as 4 hours ones suggesting any downside corrective movement should remain limited. said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 93.40 93.00 92.70. Resistance levels: 93.80 94.20 94.60.