FXstreet.com (Córdoba) - The Dollar is slightly down against the Yen so far today. USD/JPY trades at 92.02/06, 0.17% below today's opening price. In the last hours the pair has been moving inside a range with support at 91.80 (intra-day low) and resistance at 92.15. On the downside the next support lies at 91.55 (Oct 26 low) and below at 91.10. On top of 92.15, the pair could face resistance at 92.30 and above at 92.50.
Andrew Wilkinson, analyst at Interactive Brokers, affirms: The dollar was already rising overnight as Asian equity prices responded to a false dawn in U.S. equities to begin the week. A largely positive start was quickly eroded leaving Wall Street investors nursing significant losses as declining prices built momentum. The negative Asian tone saw the dollar retain a bid, as did the Japanese yen as investors factored in a more fearful tone to trading after the recent climb in stock market values.