FXstreet.com (Barcelona) - The Dollar is weakening moments ahead of the European session opening and the USD/JPY falls further away from Monday's high at 93.30, as the pair broke below 92.70 to reach session low at 92,53 so far.
Initial support level, at this point lies at 92.50, which is under pressure at the moment of writing, and below here, 92.25 (Sept 4 low), and 91.95 (Sept 3 low). On the upside, in case of recovery above 92.70, next resistance levels could be 93.30 (Sept 7 high) and 93.45 (Sept 1 high).
EUR/JPY recovery from September 2 low at 131.00 reached its highest level on Monday's European session at 133.85, and the pair dropped ever since to support level at 132.80, which has been tested several times during Asian session, as the pair traded in a range from there to 133.30 on the upside. Support levels are 132.80 and 132.50/65. On the upside, resistance levels lie at 133.90 and 134.00/15.