Forex: USD/JPY fails to break above 98.65 falls to 98.25

Wednesday, May 6, 2009

The dollar is loosing against the yen since the beginning of the American session. After reaching a intra-day high at 99.10 USD/JPY started to moved in a down trend. 

Recently the yen got stronger after falling below 98.50 to 98.25 which now is an important support zone. The current price is 98.45 which represents 0.50% lower than the opening price.

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