FXstreet.com (Córdoba) - The Dollar has recovered part or previous losses against the Yen in the last hour. USD/JPY rebounded at 90.40 and rose to 90.75. The pair trades at 90.66/70, 0.33% below today's opening price. Dollar remains weak after being unable to break above 91.00.
The ecPulse.com analysis team affirms: The dollar-yen pair showed a downside tendency over daily basis, but on the 4-hour and 1-hour charts, the pair is inclining. The pair rebounded from the strong support at 90.27, which represents 23.6% Fibonacci retracement level to the downside trend that started on August 10.