FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.65. Testing past Monday's low, pair turned to the downside after U.S. Treasury 2-year auction, push treasuries down. Technically bearish in the hourly chart, current movement could be considered corrective as long as above 91.00 area, after past day's upside rally.
If 91.00 level give up, expect the pair to gain some downside momentum. Midterm upside bias remains capped by strong 92.50 zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 91.55 91.30 91.00. Resistance levels: 92.00 92.30 92.60.