FXstreet.com (Sydney) - The USD lost ground to the Yen, dipping to its lowest level since November second. The pair is now trading at 89.71 and is down 0.26% for the day. The pair is currently enjoying support at 89.30 and finds resistance at 92.40. However, as far as currency pairs go, the USD/JPY is considered volatile and may ignore itslikely sideways trend.

There are some reports of relevance coming out of the US and Japan that may yet influence the pair. In Japan, these include the Household Confidence report as well as Core Machinery orders due today. In the US, Federal Budget Balance report is out on Thursday, while unemployment claims data is out this Friday.