Forex: USD/JPY rebounds at 90.90 and falls to 90.35

By IBTimes Staff Reporter | December 18 2009 2:39 PM

FXstreet.com (Córdoba) - The rally of the Dollar across the board eased in the last hours. Against the Yen, Greenback rose to 90.90 reaching a one-month high. USD/JPY then rebounded and fell to 90.35. Currently the pair trades at 90.35/40, 0.42% above today's opening price. The pair is rising for the fourth consecutive day. The Dollar was able to recover from Monday's losses and is posting moderate weekly gains.

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The Yen is also lower against European currencies on Friday. EUR/JPY tumbled at the beginning of the day at to 127.50, reaching a 3-week low. But the recovered sharply and rose finding resistance at 130.05.

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