FXstreet.com (Córdoba) - Greenback's recovery failed to break above 87.00. USD/JPY rose to 87.01, posting a fresh intra-day high and currently trades at 86.66/70, 0.09% above today's opening price. The pair recovered after falling to 84.79, reaching a new 15-year low.
Valeria Bednarik, Fxstreet.com collaborator, affirms: USD/JPY reached the 50% retracement of this week fall around 86.95, and consolidates just under it. If pair does not manage to regain before the end of the day at least the 87.60 level, more downside pressure will be seen, unless Japan authorities decided to stop talking and start to act (something they usually do on weekends, triggering strange movements Sunday opening).