Japanese Yen (JPY)

The Yen rose versus the Dollar on concern weakness in Spain's banks signals an expansion of Europe's sovereign debt crisis that may hinder the global economic recovery but at the end of the day closed almost unchanged as stocks market in US cut losses. The main resistance of the USD/JPY is 91.0 levels and as long it's trading below this level a short position is preferred. Overall, USD/JPY traded with a low of 89.26 and with a high of 90.31.

USD/JPY-Last: 90.14

Resistance

90.62

91.88

92.95

Support

89.70

89.20

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