FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.56. Pair reached 90.20 before halting the downside rally, and rebounded to current level; still under 20 SMA with a strong bearish slope, the bias in the pair is unchanged, as bigger time frames remain strongly bearish.
At current levels, Japanese exporters should begin to worry about their expensive currency, probably one of the reasons Nikkei is down since the opening. Above 90.80, pair could extend upside correction yet will likely remain limited, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.20 89.80 89.45. Resistance levels: 90.80 91.10 91.35.