The Yen has strengthened versus the Dollar on speculations for the BOJ rate decision and its press conference. The pair has retraced June's drop and stopped at resistance levels around 89 price levels, where was previously a support on the daily chart and on Fibonacci 30% retracement levels. For now, it looks like the pair may continue its journey downward, unless it breaks the high at 89.14. Overall, USD/JPY traded with a low of 88.05 and with a high of 89.09. There is no important economic data expected for today.

USD/JPY-Last: 88.30

Resistance

88.37

88.86

89.15

Support

87.99

 
 

width=480