FXstreet.com (Córdoba) - Greenback strengthened across the board after the opening bell at Wall Street. Against the Yen, rose to 92.03 posting the highest price since September 21. USD/JPY is rising for the third consecutive day and currently trades at 91.88/90, 0.62% above today's opening price. On the upside the next resistance lies at 92.25 (Aug 10 high) and above at 92.50 (Sept 21 high).
The ecPulse.com analysis team affirms: The dollar versus yen achieved an upside move nearing 92.00, where it reversed to the downside again to near the support level for the current ascending channel around 91.50. We still see that the expected direction for today is to the upside over intraday basis and targeting 92.25. It is vital that the four-hour closing remains above 91.00 to maintain the bullish move throughout today's trading session.