The Yen gained versus the Dollar and most other majors on estimations better earnings from Japanese companies will be reported at the end of the nation's fiscal year at the end of March. Core Machinery Orders came out slightly better than expected with -3.7%. Overall, USD/JPY traded with a low of 89.63 and a high of 90.31. USD/JPY has retraced after touching resistance at the 50 period daily moving averages near 90.6 and continues lower. Today, Final GDP is expected with 1% versus 1.1% prior.

USD/JPY-Last: 89.95

Resistance

90.60

91.25

91.75

Support

89.65

89.30

88.95

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