As the Banks in Japan were closed the Dollar slightly advanced versus the Yen and seems capped in a tight range as it usually happens after a strong move in the pair. BOJ might attempt to stop the Yen's rally to protect the import/export balance. . The downtrend of the pair might stop if the 85.8 level fails to break and rebound is possible back to 88 zones. Overall, USD/JPY traded with a low of 86.42 and with a high of 87.21. . No economic data is expected today.

USD/JPY-Last: 87.08

Resistance

87.30

87.70

88.05

Support

86.70

86.30

 

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