The Yen has strengthened versus the Dollar as appetite for risk grows, pushing investors to favor the Yen over the Dollar and making it the best performing currency against the Dollar yesterday . The pair is approaching the 15 year low and it is possible to expect a break down. The momentum is negative on the pair for now undoubtedly. Overall, USD/JPY traded with a low of 87.21 and with a high of 88.48. The BoJ Monthly Report should be published today, possibly giving hints on further monetary policy in Japan.

USD/JPY-Last: 87.45

Resistance

87.57

88.00

88.38

Support

87.23

 
 

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