Traders are following the visit of President Barack Obama to Asian nations both today and this weekend. Any hint that he is supporting a strong Dollar policy could be beneficial to the USD/JPY cross. The president will be stopping in Japan, China, Singapore, and Korea, as he will meet with other world leaders. Traders will also be following any potential policy shifts over this weekend's Asia-Pacific Economic Cooperation meeting.
Yesterday the USD/JPY traded higher, breaking the 90.50 resistance level, but failed to hold its gains. The pair eventually settled at the 90.26 mark, up from 89.78. As for today, it would be wise choice for forex traders to follow the key data releases from the U.S. and the Euro-Zone. The results of these will help determine the level of the JPY's key crosses.