FXstreet.com (Córdoba) - The Dollar continues to recover against the Yen after falling earlier to a one-month low at 89.72. USD/JPY recently rose to 89.54 daily high, after finding support at 89.15. Greenback trades near the highs at 89.37/40, 0.42% above today's opening price and is rising after two days with considerable losses. To the upside, the next resistance zone lies at 89.60/70 (Nov 16 high) and above at 90.00/05.
The Yen is still favored by the current trend but needs to stay below 90.25 (trend line in 4 hour chart) to keep the downside bias.
Against the Euro, the Japanese currency is trading at the highest level in two weeks. EUR/JPY fell to 132.47 posting the lowest price since November 3.