FXstreet.com (Barcelona) - The USD/JPY has reversed most of the losses posted since Friday, bouncing up from support level at 92.75, gaining more than n100 pips to reach some pips short of 94.00 psychological level.

Success on holding above 94.00 could increase buying pressure to attempt another assault to 94.60 resistance line (Jan 6 high). On the downside, the USD could fall to 93.50/60 and 92.77 (today's low.)