FXstreet.com (Barcelona) - After verious attempts The USD/JPY has broken through 92.80 resistance level , despite worse than expected U.S. Housing starts.

The USD/JPY is bullish on risk aversion combined by a bearish momentum for the Yen and the pair is trading around 93.00. If the pair succedes to remain above 92.80, next remarkable resistance level remains at 93.36 and above here 93.84 and 94.10.

On the downside a reversal below 92.80, will increase pressirre towards 92.40 first and 92.10.