The Yen gained slightly versus the Dollar and Euro on Recovery and Sovereign Debt Crisis Concern. The main resistance of the USD/JPY is at 92.0, as long as the pair keeps trading below this level a short position is preferred, the 10 period daily moving average supports a short position as well. Overall, USD/JPY traded with a low of 91.09 and with a high of 91.82. Today, Monetary Policy Meeting Minutes will be released.

USD/JPY-Last: 91.30

Resistance

91.50

91.80

92.10

Support

91.08

90.85

 

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