USD/JPY consolidating around 91.60

By IBTimes Staff Reporter | January 05 2010 7:19 PM

FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.63. Pair rebounded at 91.15 after market acknowledged Japan Minister Fujii resigned mid afternoon Tuesday. Still looking bearish in the hourly chart, pair needs to break under 91.10 support to accelerate the fall, with a probable target for next session around 90.50.

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Only above 92.20current bearish bias is deny, and pair could regain past week bullish trend, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 91.10 90.80 90.50. Resistance levels: 91.80 92.10 02.50.

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