The Yen continued to strengthen versus the Dollar after the Federal Reserve's Beige Book business survey showed subdued U.S. economic growth, increasing speculation the central bank won't raise interest rates any time soon. Final GDP came out at 1.2% vs. 1.1% forecast .The main resistance of the USD/JPY is at 93.0, as long as it's trading below this level a short position is preferred. The 10 period daily moving averages support a short position as well. Overall, USD/JPY traded with a low of 91.05 and with a high of 91.67. No economic data expected today.

USD/JPY-Last: 91.23

Resistance

91.70

92.10

93

Support

91

90.80

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