FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.87. USD/JPY will likely trade in range around current level, well above past Monday's low of 88.20, still with a bearish midterm bias, favored by U.S. low interest rates and repatriation of overseas earnings by Japanese firms before end of fiscal half year this week.
Clearly above 90.00, pair could reach 90.35 resistance zone ahead of stronger 90.70 level, as both 1 and 4 hours charts suggest some upside movements for next hours, said Valeria Bednarik, collaborator at FXstreet.com. Under 89.00, perspective will be deny and pair could attempt further falls.
Support levels: 89.60 89.20 88.80. Resistance levels: 90.00 90.35 90.70.