Forex | Forex | Forex: USD/JPY tests 96.30 (30/06/2009 13:11:00)

Forex: USD/JPY tests 96.30

FXstreet.com (Córdoba) – Dollar is rising strong across the board. USD/JPY is now testing intra-day high at 96.30. The pair has accumulated an increase of a hundred pips after rebounding at 95.30 during the Asian session. Greenback has recovered from early losses and now is up 0.20% for the day against the Yen. The next resistance zone is located at 96.55 (June 25 highs).

According to George Clement, analyst at Swiss e Trade: “In late Asian and early European trading hours, the dollar fell markedly against the yen, from highs around 96.30 to now 95.50, which represents a temporary support. We expect the market to fall further, down to levels around 95.10.”

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