FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.44. Yen strength extends against most rivals, as risk aversion hit markets. Hourly charts, as well as bigger time frames, support the bias, with confirmations coming at a break of 89.30.
No signs of exhaustion or reversal in any time frame, could send the pair to test 88.20 past month lows in next sessions. Bias could change only with the pair clearly above 90.35 area, not seen at this point, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 89.30 89.00 88.70. Resistance levels: 89.70 90.00 90.35.