FXstreet.com (Córdoba) - Greenback reached a fresh intra-week high against the Yen at 90.50. If it rises further, the next resistance is located at 90.75, last week highs. USD/JPY currently trades at 90.41/44, 0.54% above today's opening price. The pair is rising for the fourth day in a row.
James Hyerczyk, analyst at ForexHound.com, comments: Last night the Bank of Japan left its benchmark interest rate at 0.10%. In addition, it hinted that its biggest concern remains deflation. Overall there were no surprises in the policy statement. Reduced demand for safe haven investments is pressuring the March Japanese Yen this morning.