USDJPY - Technical Analysis

By IBTimes Staff Reporter | January 26 2010 6:11 AM

The yen is climbing against the dollar, after the BoJ decided to leave rates, credit program and asset purchases unchanged. Remember that the interest rates are at 01.%, an historical low in Japan.A few moments ago, the pair was trading at 89.55 yens per dollar, with the next resistance at 89.66, while below the nearest support is at 89.29 yens per dollar.

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The bands of Bollinger show a volatility of 90 pips in the hour, while the Parabolic SAR shows selling signs, as well as the RSI.

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