USD/JPY: Dollar dropped to 97.15 low pares previous gains

Thursday, April 30, 2009

The Dollar has given away during Asian session, most of the ground taken after the release of the FOMC statement; from 97.98 high reached during U.S. session, the Dollar has dropped during Asian session to 97.15 low, to trade around 97.40 at the time of writing.

On a longer perspective, the Dollar continues trading upwards from 28 April low at 95.60. Resistance levels for the Dollar lie at 98.00 intra-day high, and above here, 98.15/20 and 98.45 (Apr 23 high). On the downside, support levels lie at 97.15, and below there, 96.60 and 96.20.

EUR/JPY recovery from 128.35 Apr 28 low, has entered in a range from 129.00 to 130.10 during Thursday’s Asian session. Resistance levels lie at 130.10 and 130.95. Support levels are 129.00 and 128.00.

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