Forex | Forex | Forex: USD/JPY: Dollar declines below 93.00, fresh 7-week low (31/08/2009 07:12:00)

Forex: USD/JPY: Dollar declines below 93.00, fresh 7-week low

FXstreet.com (Barcelona) - The Dollar has opened he week on a weak ppace, and the pair, dropped from levels around 93.50 at the opening, to break below 93.00 to reach a fresh 7-weeks low at 92.55. At the moment of writing, the Dollar trades at 92.75.

Initial support level lies at the mentioned 92.55 session low, and below here, 92.30 and 92.00 psychological level. On the upside, resistance levels are 93.20/40 (Aug 27 and 21 low) and above here, 93.65 and 94.10 (Aug 28 high).

EUR/JPY has opened the week heading south as decline from 135.00 high on Friday has extended during Asian session, with the Euro breaking below support level at 132.90 to test 5-week low at 132.15. Bellow current levels, next support lies at 131.60 and 130.90/895: Resistance levels are 132.90 and 133.30.
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