Midday Report

The dollar versus yen pair inclined to touch the resistance level mentioned this morning at 90.90, where we expect it to start the intraday downsidemoveawaited for today. Our morning expectations remain intact targeting initially 89.70; not that 92.10 should remain intact for the expected downside for today to prevail.

The trading range for today is among the key support at 88.40 and the key resistance at 94.70.

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