Japanese Yen (JPY), Daily Review, June 9th 2010

on June 09 2010 4:48 AM

The Yen was unchanged versus the Dollar and most other majors after a choppy trading session on lack of major news regarding the Euro debt crisis and fluctuations in stocks. Overall, USD/JPY traded with a low of 90.83 and a high of 91.92. 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, Final GDP is expected with 1.1% versus 1.2% prior.

USD/JPY-Last: 91.40

Resistance

91.65

91.92

92.10

Support

91.15

90.80

 

JPYUSD.PNG

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