FXstreet.com (Córdoba) - The Yen is rising across the board on Tuesday and against the Dollar is posting gains after four days with losses. In the last hour USD/JPY broke the support zone at 91.80 and fell to 91.69, posting a fresh intra-day low. The pair currently trades at 91.74/77, 0.48%% below today's opening price. The next support lies at 91.55 (Oct 26 low). The Dollar weakened after being unable to break above the zone between 92.15 and 92.30.
The FastBrokers Research Team affirms: Volatility in FX markets should increase as the week progresses since the U.S. will be releasing more key economic data, including tomorrow's DGO and New Home Sales data. The DGO number is of particular importance to export-reliant economies such as Japan. However, the USD/JPY's ultimate focus will likely be on late Thursday/early Friday's BoJ monetary policy decision. The BoJ has held a more hawkish monetary policy stance since the DPJ took power, and there's little reason to expect this to change on Friday since the USD/JPY has created some breathing room between present price and 90