Japanese Yen (JPY), Daily Review, April 27th 2010

By IBTimes Staff Reporter | April 27 2010 5:19 AM

The Yen gained slightly versus the Dollar after earlier trading near its 3 week low as Greece's bailout assumptions continue. Overall, USD/JPY traded with a low of 93.81 and a high of 94.35. USD/JPY has turned downwards after not being able to cross above the 94.35 resistance. As long as the pair continues to trade above the 93 level it is still in bullish momentum. Today, Retail Sales are expected with 3.7% versus 4.2% prior.

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USD/JPY-Last: 93.85

Resistance

94.35

94.70

Support

93.60

93.25

93.00

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