The Yen weakened versus the Dollar, Euro and the Pound as Risk Aversion lowered following EU comments about supporting Greece. Core Machinery Orders came out stronger with 20.1% versus 8.1% expected. Overall, USD/JPY traded with a low of 89.2 and a high of 89.97. USD/JPY has broken above resistance at 89.75 but is facing major resistance near 90.50. Japanese Banks will be closed today due to National Foundation Day. Low liquidity and irregular volatility are expected.

USD/JPY-Last: 89.95

Resistance

90.10

90.50

Support

89.30

89.00

88.55

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