The Yen continued gaining versus the Dollar after a weaker CPI in the U.S made investors prefer the safety of the Yen. Prelim GDP came out weaker than expected with 1.2% versus 1.4% prior. Overall, USD/JPY traded with a low of 90.94 and a high of 92.15. USD/JPY is headed lower after failing to cross above its 50 daily moving averages. Today, BOJ will release its interest rate decision which is expected unchanged with 0.1%.

USD/JPY-Last: 91.80

Resistance

92.35

92.70

93.10

Support

91.50

90.90

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