The Yen continued gaining versus the Dollar after Friday's weaker than expected NFP data effects sent stocks lower and raised risk aversion and the demand for the Yen as a safe Haven. Overall, USD/JPY traded with a low of 90.97 and a high of 92.08. USD/JPY is moving downwards after it wasn't able to move above the 61.8% Fibonacci retracement of the downward movement which started in early May. Today, Core Machinery Orders are expected with 1.2% versus 5.4% prior.

USD/JPY-Last: 91.55

Resistance

92.10

92.90

Support

91.25

90.95

90.60

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