FXstreet.com (Buenos Aires) - USD/JPY barely managed to regain
the 87.00 level despite Wall Street´s gains, as yen strength
remains unchanged: the Japanese currency has been benefit by its
safe haven condition thus at current levels market remains wary of
BOJ intervention chances, as the pair tested past December 2009
low, and not willing to push the pair much more lower.
Quoting around 87.05, pair has tested and failed the 87.20 area,
immediate resistance level as per July 19th daily high. Above this
last, next resistance comes at 87.60 weekly high, while immediate
supports lie around 86.60 past Wednesday low, and 86.30 zone.