FXstreet.com (Córdoba) - USD/JPY fell to 89.40 during the American session posting a fresh intra-day low. From there Greenback started to recover, but it peaked at 89.77 (session high) and pulled back to 89.65. The pair is building a resistance zone around 89.75 - 89.80. Currently it trades at 89.65/68 which is 0.07% below today's opening price.
Andrew Wilkinson, senior analyst at Interactive Brokers, affirms: The appeal of the yen today is possibly more related to risk aversion than in response to the quarterly Tankan survey compiled at the bank of Japan. For the second consecutive quarter the Tankan showed improved confidence among big businesses. The headline composite index reading of -33 compares to -48 at the end of the June quarter. The record low reading took place in the March quarter, were pessimists outweighed optimists with a reading of -58.