Forex: USD/JPY: Dollar weakness further against the Yen and falls to 89.80

Fri, Nov 6 2009, 14:54 GMT
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FXstreet.com (Córdoba) – Greenback is falling across the board. USD/JPY continues to fall, following a sharp decline after the release of the Non-farm payrolls data. The pair has fallen to 89.76, posting the lowest price since last Monday.

The Yen pulled back and currently trades at 89.95/90.00, 0.75% below today’s opening price. The pair is still under pressure. Greenback has lost previous gains and trades near the same level it had at the beginning of the week.

According to the ecPulse.com analysis team the trading range for today is among the key support at 88.00 and the key resistance at 92.35 and on a wider view the general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60.

USD/JPY

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