Midday Report

The dollar versus the Japanese yen reached resistance levels for the downside channel, shown in the image above, at 92.80; where we expectthe start of the intraday decline expected for today, targeting 91.00. Stochastic supports our expected downside; it is vitalfor trading to remain below 92.80 for the expected downside move to prevail.

The trading range for today is among the key support at 90.00 and the key resistance at 95.10.

The general trend is to the upside as far as 102.60 remains intact with targets at 84.95 and 82.60.

RecommendationOur morning expectation remains valid