FXstreet.com (Barcelona) - The Dollar's rebound at 89.35 against the Yen has found resistance at 89.60 again with the pair falling back to trade below 89.50. Currently the pair is trading around 89.40/50, 0.05% below today's opening price action at 89.55.
George Clement, analyst at Swiss e Trade, comments: Against the yen, the dollar started the week in very low volatility in Asian trading hours. This has not changed in this European morning, with the market right now at 89.50 at the lower end of the narrow band between 89.40 and 89.70. We see this sideways trading band to remain intact for today.