• USD / JPY is consolidating in Y91.00

Market news

25 January 2013

USD / JPY is consolidating in Y91.00


After completion of a downward correction today with USD / JPY rose steadily, first returning to the area Y90.00, then breaking resistance at Y90.25 and even rose to the field Y91.00. Reaching Y91.20 before the opening of Wall Street, the couple suffered profit taking, which weakened it to support at Y90.80.

After the decision of the Bank of Japan, voiced earlier this week, the couple declined, noting week low at Y88.05, and then fully compensated for loss and strengthened.

At the moment the pair USD / JPY is consolidating in Y91.00.



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