Forex: USD/JPY back above 90.50
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USD/JPY
FXstreet.com (Barcelona) - Following better than previous NAB business confidence data in Australia, and Nikkei reversing from session lows around -0.5% to about current +0.69% at 10900 points, USDJPY is back to session highs last at 90.80, bouncing strongly from session and weekly lows at 90.39. The pair is still slightly lower for the week, retreating from Monday's fresh 30-month highs at 91.25.
In last minutes, Japan's Economic Minister Amari has talked to the press how he stressed the importance at Davos of ending deflation in Japan, Forexlive.com reported. USDJPY has gained more than 14% since anticipated general elections were called in Japan by mid Nov last year. Local share markets show mixed results, with Hong-Kong slightly in the negative, while Tokyo and Australia are in the positive.
Immediate resistance to the upside for USDJPY shows at Monday's Asian session lows 90.82, followed by Monday's NY session highs at 91.09, and Friday's/fresh 30-month Monday highs at 91.21/25. To the downside, nearest term support lies at yesterday's NY session lows 90.56, followed by recent session and weekly lows at 90.38, and Jan 18/21/22 highs at 90.25/16.
In last minutes, Japan's Economic Minister Amari has talked to the press how he stressed the importance at Davos of ending deflation in Japan, Forexlive.com reported. USDJPY has gained more than 14% since anticipated general elections were called in Japan by mid Nov last year. Local share markets show mixed results, with Hong-Kong slightly in the negative, while Tokyo and Australia are in the positive.
Immediate resistance to the upside for USDJPY shows at Monday's Asian session lows 90.82, followed by Monday's NY session highs at 91.09, and Friday's/fresh 30-month Monday highs at 91.21/25. To the downside, nearest term support lies at yesterday's NY session lows 90.56, followed by recent session and weekly lows at 90.38, and Jan 18/21/22 highs at 90.25/16.
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