Japanese Yen (JPY), Daily Review, July 27th 2010

By IBTimes Staff Reporter | July 27 2010 5:10 AM

The Yen rallied versus the dollar and most majors approaching the lows at 86.25, and getting closer to all time lows at 80 rice levels. The daily trend of the pair remains bearish, with a support at 86.25. A strong break down is not unreasonable and could become a shorting opportunity. Overall, USD/JPY traded with a low of 86.80 and with a high of 87.76. No economic data is expected today for the Yen.

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USD/JPY-Last: 86.93

Resistance

87.40

87.70

Support

86.82

86.65

86.35

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