FXstreet.com (Córdoba) - The Yen is recovering some ground against the Dollar. USD/JPY failed to break above 90.00 and started to pull back. The pair found support so far at 89.55 and currently trades at 88.58/62, a hundred pips above the price it had at the beginning of Tuesday. To the upside, resistance lies at 90.00/10 and above at 90.75 (Dec 4 highs). Support levels could be located at 89.40/45 and below at 89.00.
The ecPulse.com analysis team affirms: It is narrow trading presently between a strong resistance level witnessed around 91.12 and a support level detected at 88.82.