FXstreet.com (Buenos Aires) - USD/JPY Current Price: 88.24. Pair remains above the 88.00 level, as fear of further interventions persist among investors. Quoting barely under the daily descendant trend line, hourly charts price firm above 20 SMA with a strong bullish slope, while indicators are flat suggesting some consolidation ahead of next movements.
Highly attached to Nikkei, if the index falls Japanese Yen could gain some ground and pair correct to the downside, with 87.50 as key support level to watch during next hours, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 88.00 87.50 87.25. Resistance levels: 88.40 88.80 89.10.