The Yen weakened versus the Dollar after stronger consumer confidence in the U.S encouraged investors to turn to the Dollar. Overall, USD/JPY traded with a low of 92.12 and a high of 93.01. USD/JPY is facing the strong resistance at 93 again and is at overbought conditions according to the daily RSI. The pair is consolidating upwards and is likely to cross above the 93 resistance. Today, Tankan Manufacturing Index is expected with -14 versus -24 prior.

USD/JPY-Last: 92.95

Resistance

93.00

93.25

Support

92.40

92.10

91.75

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