Forex: USD/JPY: Dollar returns above 90.00

Thursday, October 1, 2009

Thu, Oct 1 2009, 07:05 GMT
http://www.fxstreet.com

Xstreet.com (Barcelona) - Dollar decline from 90.40 high on Wednesday found support a 89.35 level on the same day, and the Dollar has continued crawling higher during Asian trading time, reaching levels at 90.15.

Initial resistance level lies at 90.10, and above here, 90.50 (Sept 24 high) and 90.85. On the downside support level lies at 89.35 (Sept 30 low), and below here, 89.15 and 88.25 (Sept 28 low).

EUR/JPY remains trading in a flat channel from 130.60 to 131.80, after decline from 135.50 on Sept 21 found support at 129.75. Resistance levels are 132.05 and 132.50/70. Support levels are 131.10/20 and 130.60

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