Published: Mon, 18 May 2009 13:53:00 +0200

Forex: USD/JPY tests 96.00, intra-day high

!--TITOL: h1Forex: USD/JPY tests 96.00, intra-day highFITITOL--FXstreet.com (Barcelona) - The Dollar is continuing its recovery from its lowest level in two months at 94.55 against the Yen and the USD/JPY is testing 96.00 level after rising around 40 pips in the last hour form 95.60. Currently the pair is trading around 95.80/96.00, 0,85% above today's opening price.br /br /Last week, the Greenback lost 3.40% against the Yen after opening the week at 98.70 in Monday, reaching 98.80 as intra-week high and 94.70 as low, to close the week at 95.10 in Friday.br /br /According to the Swiss e Trade Strategy Team, a href="br /http://www.fxstreet.com/technical/forex-strategy/daily-trading-forecast/2009-05-18.html"USD is remarkably steady/a: "After a dull Asian session, the dollar came to life in this European morning, recovering to levels around the current 95.80 from lows of 94.50. We expect this recovery to continue today, leading to marks around 96.50."br /br /For more information, read our latest a href="http://www.fxstreet.com/news/forex-news/"forex news/a.div a href="http://feeds.fxstreet.com/~ff/news/forex-news?a=UtJVOP19Btk:QYayU3U7GOM:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/news/forex-news?d=yIl2AUoC8zA" border="0"/img/a /div

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