FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.82. Despite Tankan better than expected results, pair failed to react in early Japan session; just under 90.00, that's the first level to watch to the upside, yet strong zone around 90.35 is key, as break above that level will confirm an upside recovery.
Hourly indicators show no upside momentum in the pair, suggesting won't be easy to reach. Under 89.30 zone, pair would likely extend the downside, and deny chances of an upside movement. said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 89.60 89.30 89.00. Resistance levels: 90.00 90.35 90.70.