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Forex pairs in this Article » USD/JPY (Córdoba) - The USDJPY managed to bounce from lows and recover some ground in recent dealings as the JPY weakened slightly on the back of Japan FX chief Nakao comments, saying that they are watching the yen to take appropriate action.

After sliding to a 1-week low of 88.05, USDJPY climbed over 50 pips within the last hours and reached the 88.60 area before losing steam. At time of writing, the cross is trading at the 88.45 zone, still 0.3% below its opening price.

In terms of technical levels, the team locates next supports at 88.05, 87.80 and 87.40, while on the upside they see resistances at 88.95 and 89.35.
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