Forex: USD/JPY tests 96.80

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Published: Thu, 14 May 2009 21:30:00 +0200

Forex: USD/JPY tests 96.80

FXstreet.com (Córdoba) ? After four consecutive days of losses the Dollar is gaining to the Yen. Recently USD/JPY went above 96.80 to 95.85 (intra-day high) but rebounded to 95.65. Now the pair is trying to test the zone again. Current price is 95.70 showing an increase of 0.44% for USD/JPY from opening price. Next resistance levels lie at 96.05 and 96.30. The yen is falling across the board ending a streak of gains not only against the dollar but also to European currencies.