Forex: USD/JPY hits 94.90

Saturday, May 23, 2009

The Dollar rose against the Yen in the final hours of the American session after rebounding at 94.30. USD/JPY broke above 94.70 to 94.92 (intra-day high). Greenback is recovering yesterday’s losses. Next resistance lies at 95.00 and 95.20. The pair is up 0.53% from the opening price.

The yen is weaker across the board. Against European currencies is losing for the day. GBP/JPY broke an important resistance and now is at 150.85 (one-month high). EUR/JPY is above 132.00 rising 1.27% since the begging of the day.

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