The Yen trampled versus the Dollar and rose versus the Pound as Japanese stocks declined raising risk aversion, encouraging investors to buy the yen. USD/JPY is still on a downtrend as it has not broken above the important resistance at 92 or to close with a positive bar in the last three days, therefore a short position is preferred. Overall, USD/JPY traded with a low of 89.77 and with a high of 90.36. Today, Prelim Industrial Production is expected with 1.1% versus 1.9% prior. Retail Sales are expected with -0.1% versus -0.2% prior.

USD/JPY-Last: 89.63

Resistance

90.35

91.4

92.15

Support

89.45

88.85

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