FXstreet.com (Barcelona) - The Japanese currency was being
bought at 84.60 on the Tokyo opening bell, and just 180 minutes
later, USD/JPY downtrend resumption continues with bids having
reached levels as far south as 84.28, new 2 -day low. We are
presently at 84.34, a 0.30% below the previous close. The change
adds to the 0.80% losses the Greenback had on Monday.
According to the 4CAST analysis team: "On the downside, immediate
support may be faced at 84.28/32 (27. 26 Aug lows), ahead of 84.04
(hourly low), 83.90 (25 Aug low) and 83.58 (24 Aug low). On the
upside, resistance may settle at 84.47 (61.8% 83.58/85.91 rise)
84.85/92 (intraday congestion), 85.15 (intraday level) and 85.46
(27 Aug high)".