The Dollar rose to 90.39 and approached to daily highs that lie at 90.45 but it failed to hold and weakened. USD/JPY pulled back below 90.00 and fell to 89.75.
Currently trades around 89.80/90, 0.65% below today's opening price. Despite today's gains the Dollar has been unable to erase most of yesterday's losses.
According to Michael J. Malpede, analyst at Easy Forex, key technical levels to watch in USD/JPY include support at 88.95 (May 6th low) with resistance at 91.88 (May 20th high)
Currently trades around 89.80/90, 0.65% below today's opening price. Despite today's gains the Dollar has been unable to erase most of yesterday's losses.
According to Michael J. Malpede, analyst at Easy Forex, key technical levels to watch in USD/JPY include support at 88.95 (May 6th low) with resistance at 91.88 (May 20th high)
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