FXstreet.com (Buenos Aires) - USD/JPY Current Price: 93.82. Pair hit a 5 week fresh low at 93.20 before rebounding back up, still capped under 94.00 and range bound.
No clear bias for next hours, only above 94.20 pair could extend upside rally, while downside likely limited by 92.80 area, as bigger time frames are showing signs of exhaustion to the downside, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 93.70 93.40 93.10. Resistance levels: 94.10 94.45 94.80.