The Japanese Yen gained versus the dollar as US stock markets declined and a potential downgrade of Spain was discussed. The Tankan Manufacturing Index came out 1 better than expected -3. Breaking below the 87.80 support level might push the pair lower. Overall, USD/JPY traded with a low of 88.34 and with a high of 88.75. No major economic data is expected today.

USD/JPY-Last: 88.16

Resistance

88.90

89.50

90.00

Support

88.10

 
 

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