FXstreet.com (Barcelona) - The Dollar has weakened slightly against the Yen during the Asian session, from a 98.95 high reached yesterday on early Asian session, the Dollar has dropped to a minimum level at 98.10. At the moment the Dollar moves at 98.20, 0.46% below its opening price at 98.65.
Resistance levels remain at 98.45, and above here, 98.95 and then 99.30 (8 Apr high). On the downside, support levels stand at 98.10/00 (Intra-day low), and below there, 97.65 (Apr 20 low) and 97.35 (Upward trending support line from Jan 21 low).
On the longer term, the Dollar is trading upon a upward trending support line from Jan 21 low, which can be seen in the daily chart. From 87.00 low on Jan 21, successive lows in the pair have followed a clear upward pattern so far.
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