FXstreet.com (Córdoba) - The Dollar is falling against the Yen on Friday, losing part of yesterday's gains. USD/JPY rebounded at 91.30 and fell back to 90.90. Currently the pair is hovering around 91.00, 0.50% below today's opening price. On the downside support lies at 90.80 (intra-day low) and below at 90.50. Resistance could be located at 91.30 and above at 91.50/60 (Oct 29 high).
Valeria Bednarik, collaborator at FXstreet.com affirms: Japanese yen remain some strength after failing to break above 91.60 resistance zone. Tending lower, break under 90.50 likely to accelerate the fall in the pair, thus intermediate support lies at 90.80 today's low. Again, pair needs to clearly regain 91.35 to recover some upside momentum.