FXstreet.com (Córdoba) - The Dollar rose to 90.18 (intra-day high) during the European session but failed to hold above 90.00 and weakened, falling to 89.70, only a few pips above intra-day low that is located at 89.65. Currently USD/JPY trades at 89.82/85, 0.10% below today's opening price.
On the downside, support lies at 89.55/60 and below at 89.15 (Nov 2 low) and 88.80/85 (Oct 14 low). Since Friday's American session the pair has been moving sideways between 89.60 and 90.30
Valeria Bednarik, Fxstreet.com collaborator, affirms that the USD/JPY needs to clearly break the 89.20 zone to trigger some downside strength while only above 90.30 we could see some upside momentum in the pair.