FXstreet.com (Barcelona) - The Dollar's recovery against the Yen has been capped at the MA55 hourly chart level at 88.65 in the early American session with the pair falling to test intra-day lows close to 88.10. Currently the pair is trading around 88.35/45, 0.15% below today's opening price action at 88.58.

Tomas Cedavicius, analyst at Investija.com, comments: USDJPY Buying options are good for short term traders where candles can go up to resistance level. But trading against trend is risky.