FXstreet.com (Córdoba) - The Dollar got stronger across the board after the opening bell at Wall Street. USD/JPY jumped from 90.25 to 90.72 (session high). Greenback recovered from previous losses against the Yen. The pair bottomed at 90.05 during the Asian session posting the lowest price in almost three days.
USD/JPY rebounded and currently trades at 90.65/70, the same price it had at the beginning of the day. On the upside the next resistance lies at 90.80 and above at 91.00.
The ecPulse.com analysis team affirms: The dollar-yen pair showed a downside tendency over daily basis, but on the 4-hour and 1-hour charts, the pair is inclining. The pair declined to test the strong support at 90.27, which represents 23.6% Fibonacci retracement level to the downside trend that started on August 10.