FXstreet.com (CÃ³rdoba) -Yen recover from early losses and now is trying to fall below 99.00. USD/JPY current price is 98.94 which is 0.55% up for the day. During Trichet speech the pair rally to a 2-week high at 99.76. Then the pair fell to 98.83 and since it has been moving in a range between 99.15 and 98.85. USD/JPY has a strong support near actual price on a daily up trend line.
Against European currencies the yen suffer strong losses early in the day but after the decision of the ECB recovered. GBP/JPY fell 260 pips after topping at 150.89 (one-month high); currently is at 148.38 down for the day 0.30%. EUR/JPY is up 1.02% but failed to stay above key level at 133.00.
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