Forex: USD/JPY: Dollar falls from 89.70, daily high to 89.50 after U.S. data

  @ibtimes on December 15 2009 9:10 AM

FXstreet.com (Córdoba) - Greenback rose to 89.70 reaching a fresh intra-day high against the Yen. USD/JPY pulled back to 889.50 after the release of U.S. economic data. The pair is accumulating an increase of almost a hundred pips on Tuesday. Currently the pair trades at 89.60/62, 1.14% above today's opening price.

Immediate resistance lies at 89.80 (Dec 11 high) and above at 90.00/10 and 90.75 (Dec 4 high). On the downside support levels could be located at 88.80 and below at 88.30/40 (Monday's low).

Furthermore U.S. NY Fed Manufacturing Index plunged to 2.55 in November from 23.55 in October, with new Orders and Employment sub indexes declining sharply on the month.

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