The Yen rose against higher-yielding currencies as speculation the global economic recovery is slowing spurred demand for Japan's currency as a refuge. Retail Sales came out worse than expected at -0.3% vs. 0.3% forecast . On the daily graph of the USD/JPY we can see a clearly down trend therefore the momentum is still bearish till it breaks the resistance at 90.70 levels. Overall, USD/JPY traded with a low of 89.14 and with a high of 90.08.

USD/JPY-Last: 90.37

Resistance

90.55

91.86

Support

89.85

89.15

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