FXstreet.com (Córdoba) - Dollar failed to break above 91.15 and weakened against the Yen. USD/JPY is hovering around 91.00 and trades 0.80% below today's opening price. The pair is falling for the second day in a row accumulating a decline of more than 130 pips. On the downside, between 90.80 and 90.90 the pair could find support. The next one lies at 90.50 (Oct 21 low).
The FastBrokers Research Team affirms: The BoJ will announce its monetary policy decision late Thursday/early Friday EST. Barring any large selloff in the USD/JPY between now and then, the BoJ will likely feel comfortable sticking to its newly conservative monetary stance since the USD/JPY is back above its important 90 threshold. Meanwhile, Japan will release its Prelim Industrial Production data late tonight EST. Investors are expecting a slight pullback in the reading to 1.1%.