FXstreet.com (Córdoba) - The Yen is gaining momentum against the Dollar and is rising further. USD/JPY failed to break above 90.00 and weakened falling below 89.70 to 89.44 posting a fresh intra-day low. Currently it trades at 89.60/62, 0.15% above today's opening price. The next support lies at 89.15 and below at 88.60 (October 2 low). On the upside, above 89.95, next resistance levels lie at 90.20 (Oct 1 high) and 90.45 (Sept 30 high).
Regarding USD/JPY, Valeria Bednarik, FXstreet.com collaborator, comments: Pair failed to regain the 90.00 level, and with negative stocks, turned bearish but still in range; break under 89.50 area could accelerate falls as indicators signal so, thus limited for the rest of the day. Bias can change only with clear confirmations above 90.35/45 tough area.