FXstreet.com (Córdoba) - The Dollar is recovering against the Yen after falling sharply to 90.55, early in the American session. USD/JPY rebounded and currently is testing levels above 91.00, 0.50% above today's opening price. The next resistance lies at 91.30 (intra-day high). Greenback is rising for the second day in a row against the Yen. USD/JPY is heading toward the biggest weekly gains since early August.
James Hyerczyk, from ForexHound.com comments: The Dollar received another boost on the news that international demand for long-term U.S. financial assets was up in August following an increase in holdings by Japanese investors. This news was contrary to reports that foreign investors were beginning to shun U.S. investments because of the weaker Dollar.