Fri, Aug 19 2011, 16:15 GMT |
FXstreet.com FXstreet.com (C�rdoba) - After setting a fresh record low at 75.94, USD/JPY rebounded strongly, recouping nearly 50 pips in recent thin trade while investors continue to speculate if Japanese officials will step in the FX market.
The Greenback has managed to trim losses across the board, however, the USD/JPY bounce has found resistance at the 76.55 zone and the cross is currently trading at the 76.45 region, still 0.13% lower on the day.
Immediate resistance levels could be found at 76.60/65, 76.85 and 77.10, while next support levels could be found at 76.25, the 76.00/75.94 area and then 75.70.

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Source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=290e6878-930e-4f54-bcf6-ebe431ddeec9
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