Japanese Yen (JPY)

The Dollar strengthened slightly versus Yen but was unable to cross above 90.50 resistance level. Bank of Japan left the Overnight Call Rate unchanged at 0.1% in order to stimulate growth by offering cheaper loans for companies. If the pair breaks below 89.80, an acceleration of the downtrend can be seen. Overall, USD/JPY traded with a low of 89.65 and a high of 90.35. Today, Trade Balance is expected with 0.61T versus 0.49T prior.

USD/JPY-Last: 90.20

Resistance

90.50

90.80

91.20

Support

89.80

89.45

89.05

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