Forex: USD/JPY breaks above 90.00 on BoJ news amid high vol

FXstreet.com (Barcelona) - Not much of new news coming out of BoJ today, shifting to open-ended asset purchases, at the same time sets inflation target at 2%, more or less what market widely expected, all of which has prompted USDJPY to print fresh session highs at 90.13, amid high intraday volatility, last at 90.00, about to break even for the week.

Nikkei index has also jumped to fresh session highs above the 10850 points mark, up +1% for the day, with Euro and USD both at the same time to the upside, though with stronger Euro. USD is stronger against Aussie, in a very mixed market. All local share markets show green lights, in sympathy with positive news coming from Japan.

Immediate resistance to the upside for USDJPY shows at Monday's highs 90.25, followed by June 10 2010 lows at 90.81, and March 12 2010 highs at 91.09. To the downside, closest support lies at recent session/yesterday's lows 89.33/27, followed by Jan 14 lows at 89.04, and Jan 04 highs at 88.41.