The Dollar has lost gains versus the Yen and fluctuating near the 90 zone. The Trade Balance came out 0.73T better than 0.69T expected. The main resistance of the USD/JPY is at 91.0 levels and as long as it is trading below this level a short position is preferred. Overall, USD/JPY traded with a low of 89.81 and with a high of 90.65. Today, Tokyo Core CPI is expected at -1.5% vs. -1.9% previously. The Unemployment Rate is expected unchanged at 5%. Retail Sales are expected at 3.7% vs. 4.7% previously.

USD/JPY-Last: 90.04

Resistance

90.55

91.00

Support

89.70

89.20

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