Forex: USD/JPY rebounds to 94.40 after reaching 93.95

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Published: Thu, 21 May 2009 23:07:00 +0200

Forex: USD/JPY rebounds to 94.40 after reaching 93.95

FXstreet.com (Córdoba) ? Yen rose against the Dollar making USD/JPY fall below 94.00 for the firs time since March. The pair bottom at 93.95 and rebounded to 94.36. Now is testing above those levels attempting to break the resistance zone at 94.40. Dollar continues under pressure across the board.

USD/JPY got near March lows at 93.55. Since the start of the day the pair has fallen 0.60%. The fall of today is the third in a row. USD/JPY finished above opening price the last seven out of nine days.

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