Japanese Yen (JPY), Daily Review, May 5th 2010

By IBTimes Staff Reporter | May 05 2010 5:19 AM

The Japanese currency was trading in a tight range mostly fluctuating near the 94.5 level and seems like risk aversion was unable to reach yen. Trading above the support level of 94.35 keeps the momentum positive for the pair. Overall, USD/JPY traded with a low of 94.31 and a high of 94.97. Today, Japanese banks will be closed in observance of Children's Day. Abnormal volatility could be expected.

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USD/JPY-Last: 94.75

Resistance

94.90

Support

94.70

94.30

93.75

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