FXstreet.com (Córdoba) - The Dollar is recovering against the Yen after falling to 91.80. USD/JPY found support and starter to rise. Currently the pair is testing levels above 92.00 and is 0.60% above today's opening price. During the American session Greenback lost part of previous gains that took the pair to 92.50 posting a one-week high. Immediate resistances for the pair are at the 92.35 area and above at 92.70.
GBP/JPY is rising for the day, for the first time in more than a week. The pair is 0.57% above today's opening price. During the American session GBP/JPY pulled back from intra-day high at 149.56 to the 149.00 area.
According to Andrew Wilkinson, senior analyst at Interactive Brokers: Against the Japanese yen most currencies are strengthening to begin the week. Japanese markets are closed through Wednesday and investors are rethinking the plausibility of a stronger yen as a result of political change at a time when the economy is in such bad shape. It would seem that some vital signs are needed first before investors will take on the DPJ's campaign for them.