FXstreet.com (Córdoba) - The yen continues to recover against the Dollar. USD/JPY has fallen 70 pips since the begging of the American session, bottoming at 88.45 (session low). The pair peaked at 89.40 and from there started to fell. Greenback lost previous gains and now is 0.20% below today's opening price action. On the downside, support lies at 88.45 and below at 88.00 (intra-day low).
The ecPulse.com analysis team affirms: As for the dollar-yen pair, it is plummeting as the dollar is being pulled by the strengthened yen, having in fact the low-yielding Japanese currency trading so far around 88.57 recording a high of 89.38 and a low of 87.99, having in mind that a resistance level could be witnessed at 89.00 and a support level is detected at 88.19.