Forex: USD/JPY falls further to 89.60

Fri, Nov 6 2009, 16:01 GMT
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FXstreet.com (Córdoba) – The Dollar is falling further against the Yen and continues its decline from 90.70. USD/JPY recently posted a fresh intra-day low at 89.59 and is approaching to the lowest price of the week that lies at 89.15. At the moment, the pair has found support at the 89.60 zone, but still remains under pressure.

Greenback lost weekly gains and currently trades at the same levels it had at the beginning of the week.

Against European currencies the Yen is rising further. GBP/JPY fell to 148.40, posting a fresh intra-day low. EUR/JPY slid to 133.20, daily low and currently is pulling back to levels above 133.50.

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