FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.78. Pair fall to 90.45 in a spike of risk appetite following NZD better than expected GDP and returned to current level, due to over sold conditions in the hourly chart.
Yet downside pressure remains intact: bearish in bigger time frames, and close to key 90.10/20 support area, if the pair breaks under that level, expect a midterm rally to past January lows around 87.00, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.50 90.15 89.70. Resistance levels: 91.00 91.35 91.60.