FXstreet.com (Barcelona) - The Dollar's advance against the Yen from intra-day low at 89.30 has been capped at 2-week high at 90.77 with the pair retreating to trade close to 90.20. Currently the pair is trading around 90.40/50, 1.20% above today's opening price action.
Tomas Cedavicius, analyst at investija.com, comments about the USD/JPY breakout at resistance level initiated sharp movements upside: USDJPY Very steep movement upside after a breakout of 89.70 resistance level. Long positions is better to look into.
In the fundamental view, Rob Booker, TraderRadio.net's founder, expects the Dollar soaring in the comming months: Economy is still weak around the world, US and Europe have the same last year problems with job losses and problem banks... in this line, emerging economies, will invest its money in USD, specially in USD Bonds, as usual in economic crisis.