FXstreet.com (Buenos Aires) - USD/JPY Current Price: 96.05. Pair continues fighting to stay above key 96.00. Strong retrace from 61.8% Fibonacci level, just after FOMC minutes, suggest pair will remain trapped consolidating between 95.60 96.30 area.
With no clear bias coming from indicators, thus above 20 SMA that's regaining a bullish perspective; only a confirmation above mentioned 96.30 level could trigger some upward momentum in the pair, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 95.75 95.50 95.20. Resistance levels: 96.30 96.70 97.10.