Yen continues to experience pressure to weaken, especially related to the prospect that the Bank of Japan will keep interest rates at low levels over the recovery process after earthquake and tsunami, while interest rates in a number of other developing countries increased. These currency pairs tend to seek support at level 84.56 and resistance at level 85.48.
Today is Friday, 8 - 04-2011 Price USD/JPY opened at level 84.92
Resistance 3: 86.40
Resistance 2: 85.95
Resistance 1: 85.48
Pivot Point: 85.03
Support 1: 84.56
Support 2: 84.11
Support 3: 83.64
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