FXstreet.com (Barcelona) - Dollar Yen recovery from 91.95 6-week low hit on Thursday has capped at 92.90, as the pair has moved 30 pips higher in a rather low volatility European session, ahead of the awaited U.S. payrolls report.
Resistance levels, at the moment, lie at 93.05 (Sept 2 high) and then 93.20/30 y 93.45 (Sept 1 high). On the dwnside, support levels are 92.30, and below here, 91.95 (Sept 3 low) and 91.75/80 (13/8 Jul lows).
According to the Swiss e Trade Strategy Team, the Dollar maintains its downward trend, as the current upside move is a corrective one: The Dollar, mainting its downtrend against the Yen, recovered somewhat in late Asian and early European trading, currently at 92.90, and about to finish this upward correction. We see still lower levels later in the day being touched, to a maximum of 91.50.