Japanese Yen (JPY), Daily Review, August 10th 2010

By @ibtimes on

The Dollar gained versus the Yen and moved upwards from the 85 low to the 86 zones according to the main trend of dollar's strength across the board and in expectation for the Interest Rate Decision in Japan. Holding above the support level of 85.30 turns the momentum to positive for the pair. Overall, USD/JPY traded with a low of 85.24 and with a high of 86.04. Today, the Interest Rate Decision is expected unchanged at 0.1%.

USD/JPY-Last: 85.81

Resistance

86.00

86.30

86.70

Support

85.70

85.30

85.00

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