– Greenback is holding gains against the Yen on Tuesday. USD/JPY pulled back from intra-day high at 90.35, finding support at 90.06. Following the opening bell at Wall Street USD/JPY jumped to 90.35 and afterwards the pair moved sideways most of the American session. Currently it trades at 90.15/18 which is 0.55% above today’s opening price action at 89.69.
The Yen is losing ground against European currencies. GPB/JPY is recovering after plunging yesterday to a 5-month low at 139.71. The pair found a strong resistance at 144.00. Cable need to breaks above to extend the recovery. If the pair holds below 144.00 it could regain the downside.
EUR/JPY is also up for the day but far from intra-day high. The pair peaked at 131.79 during the Asian session but slid to 130.60. Currently is back above 131.00 and trades at 131.40/46, 0.25% above today’s opening price.
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