FXstreet.com (Barcelona) - The Dollar's recovery against the yen from 8-month low at 88.22 has found resistance at 89.70 after rising around 150 pips during the European session. Pair has slid to 89.40 and currently it is 0.25% below today's opening price action.

Michael J. Malpede, Easy Forex's analyst, comments: USD is trading higher and the JPY trades at an eight month high versus the USD as the trade reacts to weaker Asian equity markets and confusion over Japan's JPY intervention policy, EUR rallied after the Merkel election victory in Germany EUR gains were limited by selling in the EUR/JPY cross, UK house prices rise the most in two years, BOE may cut its remuneration rate, commodity currencies trade lower tracking weaker Asian equities and lower crude prices.

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