The Yen gained versus the Dollar as risk aversion grew and investors turned to the safety of the Yen. Overall, USD/JPY traded with a low of 92.81 and a high of 94.03. USD/JPY has turned downwards after not being able to cross above the 94.35 resistance. If the pair drops below the support at 93 the momentum is likely to turn positive for the Yen. Today is a bank holiday and Japanese banks will be closed.

USD/JPY-Last: 93.15

Resistance

93.90

94.35

Support

93.00

92.75

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