FXstreet.com (Barcelona) - The Dollar has strengthened against the Yen on the back of the federal Reserve's monetary policy statement, and recovery from 95.60 low yesterday has reached a maximum level at 97.98 after the Fed release; 38% fib retracement of the April decline.

At the moment, the Dollar has eased to levels above support zone at 97.60 (Apr 22 low); below here, next support levels could lie at 97.15, previous intra-day high, and 96.75 (Apr 28 high).

On the upside, next resistance area lies at the 38% fib retracement of the April decline, approximately art 97.85, and above here, 98.00 and 98.50 (200 DMA).

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