FXstreet.com (Córdoba) - Greenback is extending its recovery against the Yen. USD/JPY rose to 90.58, posting a fresh intra-day high. The pair fell during the European session to 89.85 (daily low) and from there started to rise. Currently it trades at 90.40/43, 0.20% above today's opening price.
The next resistance level lie at 90.60/65 (yesterday's high) and above at 90.80. On the downside support is located at 90.00 and below at 89.85 (intra-day low).
The ecPulse.com analysis team affirms: We still see that the expected direction for the remainder of trades for today to be bearish; where its main targets are around 88.00. The chance of achieving this downside move requires 91.00 to remain intact.