The Yen strengthened against the Dollar and the Euro during the day after bad news which released supported safety currency like the Yen, at the end of the American session which rebound nicely and closed positive, succeeded to weak the yen. The main resistance of the USD/JPY is 89.0 level as long it's trading below this level a short position is preferred, the 10 moving average support downwards trend as well. Overall, USD/JPY traded with a low of 87.02 and with a high of 87.77. No major news expected today.

USD/JPY-Last: 88.36

Resistance

88.50

88.80

 

Support

87.40

87.00

 

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