The Yen continue to weak versus the Dollar after the bank of Japan refrained from expanding its lending and asset-purchase programs. Asia markets fell by 2% after the FED announced it will increase the discount rate to 0.75%. The USD/JPY has broke the resistance at 91.40, thus a long position is preferred. Overall, USD/JPY traded with a low of 90.57 and with a high of 92.

USD/JPY-Last: 91.90

Resistance

92.09

92.42

92.66

Support

91.48

90.57

89.71

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