FXstreet.com (Barcelona) - The USD/JPY rose on the last day of Japan's fiscal year following more signs of a Japanese deepening recession and improving risk sentiment.
Spending, earnings and employment all fell. Japanese PM Taro Aso said his government will compile a new economic aid package, said Hans Nilsson, analyst at CMS Forex.
The USD/JPY is just below the 99-area resistance. If this is broken, the pair will likely advance to the 102-area resistance.