Midday Report

The dollar versus yen gradually inclined to attempt to touch the previously mentioned key resistance at 92.65. Our morning expectations remain as is,and we wait for a downsideintraday move; supported by Stochastic nearing overbought levels. It is important that 93.30 remains intact for today's 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.

RecommendationBased on the charts and explanations above our opinion is selling pair from 92.65 To 91.00 and stop loss above 93.30, might be appropriate