Japanese Yen (JPY), Daily Review, Jan 7 2009

 @ibtimes on January 07 2010 4:21 AM

The Dollar traded near the lowest in almost two weeks against the Yen as signs of an uneven recovery in the US weakened speculation the Federal Reserve will make an early end to its efforts to keep interest rates low. On one hour chart we see a resistance at 92.75 if it breaks this level a long position is preferred. Overall, USD/JPY traded with a low 91.52 of and with a high of 92.74.

USD/JPY-Last: 92.25

Resistance

92.74

93.20

Support

90.05

91.63

91.25

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