FXstreet.com (Buenos Aires) - USD/JPY Current Price: 94.62. Pair remains under key 94.75 level that has been holding the upside since past session. Slightly bullish in the hourly, bigger time frames remain bearish in the pair, so expect the 95.00 area to give strong resistance if reached.
20 SMA has turned flat in the hourly, suggesting also pair has temporally bottomed and next movement should be up, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 94.40 94.10 93.70. Resistance levels: 94.75 95.00 95.30.