Forex: USD/JPY: Dollar rises to 91.70 high after U.S. data
Tue, Sep 15 2009, 13:26 GMT
http://www.fxstreet.com
Related News
FXstreet.com (Barcelona) - The Dollar has strengthened further on the back of an string of U.S. data, and the pair has broken above European session high at 91.27 to reach 91.63 high, before easing to 91.35 at the moment of writing.
Initial resistance area lies at 91.75 (July lows) and above here, 91.90 (Sept 3 low) and 92.10. On the downside, support levels lie at 91.00/05 and below here, 90.35 and 90.20 (Sept 11, 14 low).
Peter Rosentreich,technical analyst at ACM - Advanced Currency Markets observes the Dollar bearish whilst below 93.30: "The lethal combination of verbal intervention and the psychological 90.0 lvl has sent seller packing. Focus is now on 92.60 (61.8% retracement) yet below 93.30 remains bearish. Strong support now stands at 90.20."

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related News
Forex: USD/JPY pops up to 84.40 on thin volume
FXstreet.com | Fri, Sep 3 2010, 01:51 GMT
Japan: Capital Spending falls 1.7% in Q2 2010
FXstreet.com | Thu, Sep 2 2010, 23:59 GMT
Japan Capital Spending rises to -1.7% in 2Q from -11.5%
FXstreet.com | Thu, Sep 2 2010, 23:50 GMT
Forex: USD/JPY bearish trend remains strong
FXstreet.com | Thu, Sep 2 2010, 23:12 GMT
Forex: Majors settle down ahead of NFP
FXstreet.com | Thu, Sep 2 2010, 17:13 GMT
Related Content
Market Session Recaps - Asia Session by FOREX.com
Fri, Sep 3 2010, 05:25 GMT
Currency Trading News - Australian Dollar Strength Undermined by Liquidity and Service Sector Lull by DailyFX
Fri, Sep 3 2010, 04:51 GMT
Forex Technical Report - Late Session Short-Covering Drives Stocks Higher by ForexHound.com
Fri, Sep 3 2010, 03:38 GMT
Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Services
Fri, Sep 3 2010, 03:26 GMT
Forex Technical Report - U.K. Economy Cooling; Pound Downside Target Remains 1.5113 by ForexHound.com
Fri, Sep 3 2010, 02:46 GMT














