FXstreet.com (Barcelona) - The Dollar has been trading below the 90.00 level against the Yen during the European session, trapped in a narrow range between 89.80 and 90.00. In the last hour, USD/JPY has risen around 20 pips to test the 90.00 level again.
Currently the pair is trading around 89.90/90.00, above MA hourly chart at 89.85 and reaching 0.15% daily gains from opening price action at 89.77.
George Clement, analyst at Swiss e Trade, comments: Currently trading at 89.90 against the yen, the dollar recovered in late Asian and early European hours. Again, the resistance level at 90.00 is about to be tested, but most probably not broken today. Downmoves from present levels are more likely, to the 88.60 mark.