FXstreet.com (Córdoba) - The Dollar moved away from intra-day high against the Yen during the American session. USD/JPY peaked at 90.69 and from there started to fell, finding support at 90.20. Currently the pair is moving in a range with support at 90.20 and resistance at 90.40.
Greenback is now consolidating daily gains after falling during the Asian session to 89.17, posting a fresh 2-week low. Above 90.70, the next resistance lies at 90.80 and above at 91.25.
Michael J. Malpede, analyst at Easy Forex affirms: The BOJ's decision to end its liquidity program is a sign that the BOJ has confidence in the Japanese economic recovery. The trade will look to Wednesday's release of the BOJ policy minutes for further insight into BOJ outlook for Japan's economy. Last week Japan reported that retail sales for September rose a strong 0.9%.