Japanese Yen (JPY), Daily Review, July 26th 2010

By IBTimes Staff Reporter | July 26 2010 9:26 AM

The Yen weakened versus majors after speculation among investors that the BOJ will ease monetary policy rises, and as risk appetite grows around the world. Trade Balance came out at 0.46T vs. 0.54T expected. The daily trend of the pair remains bearish, with a support at 86.25. The pair has been trading close to record a low price, which makes one look out for a possible break down. Overall, USD/JPY traded with a low of 86.71 and with a high of 87.49.

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USD/JPY-Last: 87.62

Resistance

88.30

Support

87.20

86.65

86.25

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