The JPY strengthen slightly against the U.S. Dollar as investors expressed their concerns about the U.S. economy by selling the U.S. Dollar and buying the Japanese yen. The Yen traded mixed yesterday against its major counterparts. It strengthened against the British pound, but was weaker against AUD and the EUR.
Looking ahead to today traders should pay attention to the 87.33 support line, crossing down may take the USD/JPY even lower. Some analysts estimate that the yen should rebound its recent rally against the USD.