Despite risk appetite had gained markets past European and American sessions, Japanese Yen remained stable around 90.40 area, moving inside a 90.00/90.60 range. Investors seem to be reluctant to trade yen crosses, ahead of suspected intervention later today coming from Bank of Japan that already warn about avoiding any strong appreciation in their currency, while Japanese exporters buy the currency ahead of the fiscal year close. Technically, a break of the range will likely set continuation trend, with 89.80 area as key level to watch to the downside, and 90.75 highs to the upside. An acceleration trough any of such points, should favor a continuation rally of at least 30 pips.
