FXstreet.com (CÃ³rdoba) - USD/JPY is trapped inside a range between 94.55 and 94.85. The pair is 0.20% above today's opening price, rising for the first time in four days. It has been moving sideways without a clear trend during the American session. Below 94.55 the next support lies at 94.30 (intra-day low). On the upside, in case the pair breaks above 94.85, the following resistance is located at 94.95.
According to ecPulse.com analysis team: The U.S. dollar managed to rise against the Japanese Yen, as the pair recorded a low of 94.32 before rising to set an intraday high at 95.28 while the pair is now trading at 94.70, however the pair failed to settle above the 200 days Moving Average at 94.95 and accordingly we expect the pair to remain under downside pressures over the short term.