FXstreet.com (Barcelona) - The Dollar's rejection from intra-day high at 90.25 against the Yen has found support at 89.80 after falling around 45 pips during the European session. Currently the pair is trading around 89.90/90.00, at the same range of opening price action at 90.00.
In case of breaking above 90.,25, the Dollar might find resistance at 90.40, and 90.70/85 (Nov 6 high). On the downside, initial support level lies at 90.00, and below here, 89.60 (Nov 6 low) and 89.15 (Nov 2 low).
George Clement, analyst at Swiss e Trade Strategy Team, comments: In contrast to other pairs, the dollar is moving in a sideways trend against the yen, characterized by low volatility, between 90.20 and 89.70 in late Asian and early European trading. Currently priced at 89.90, we see that sideways trend continuing in today's trading.