FXstreet.com (Barcelona) - The Dollar has retreated from intra-week high at 90.45 against the Yen to trade at 91.10 throughout the American session after trading in a narrow ranger between 90.80 and 91.00 in the European session and climbs 65 pips in the US opening bell. USD/JPY is rising 0.5% so far today from opening price action at 91.10 to the current 91.20.
In the daily chart, the USD/JPY is trading in recovery mode from 4-week low at 90.30 reached yesterday session to climbs to 91.45 today American's morning.
The USD/JPY strengthens after the strong US building Permits data says the FastBrokers Research Team, and continues in the technical view, The USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and 1/19 lows and the highly psychological 90 level should it be tested. As for the topside, the USD/JPY faces multiple downtrend lines along with 1/14 and 1/12 highs.