FXstreet.com (London) - Nikkei has recovered from opening down, now trading just in the green, up 8 basis points. Major resource companies were down initially on weaker commodity prices with both oil and gold weaker. China macro data due later today will determine where market goes from here.
USD/JPY is currently trading at 91.41, up from the open. Pair has broken to upside after trading tightly range bound in the US session today around the 91.25 level. This session pair is just off form its high of 91.46, and now consolidating.
For key support and resistance levels Valeria Bednarik, collaborator at FXstreet.com, guides us: Nikkei opening could weight on Japanese Yen crosses, pushing pair lower if Nikkei loss ground at past American session Wall Street pace. Support levels: 91.20 90.80 90.50. Resistance levels: 91.55 91.90 92.30.