FXstreet.com (Barcelona) - The Dollar has returned to levels above 98.00 after Friday's decline to 97.15. On Monday's Asian session, the pair has reached a maximum level at 98.50, from a session low at 97.60.
For most of Monday's Asian session, the USD/JPY has been moving from support level at 97.90 to 98.50 resistance level.
Nicole Elliott, senior Technical analyst at Mizuho Corporate Bank expects the par to remain at the current range for the rest of the day: Slightly messy as we hover above the fairly pivotal 97.00 area. Allow for more of the same today.