The Dollar weakened against the Japanese currency after it failed to rise back above the 94 level and closed below it. The BOJ left the interest rate unchanged at 0.1% despite the growing deflation and said that the Japanese economy is recovering as exports keep growing. The Leading Indicators Index came out unchanged 97.9 as expected. Holding above the 93.6 level might accelerate the uptrend in the pair. Overall, USD/JPY traded with a low of 93.64 and with a high of 94.37.

USD/JPY-Last: 94.15

Resistance

94.35

94.75

Support

93.60

93.30

92.75

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