Mid-day report

The dollar versus the yen is heading calmly to the upside, since this morning, and is nearing the awaited resistance level at 92.80; which is supposed to form a reversal level, for the pair, to the downside. Our morning predictions remain intact, while we await the start of an intraday downside movetargeting initially 91.00. As long as 93.15 remain intact the downside move for today will 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 the pair from 92.80 To 91.45 and stop loss above 93.55, might be appropriate