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Forex: USD/JPY rebounds at 89.05 and rises to 89.50FITITOL–>FXstreet.com (C?rdoba) ? After the release of the FOMC minutes the Yen gain momentum and rose against the Dollar. USD/JPY fell to 89.05 but rebounded sharply and rose to 89.50. The pair is under pressure as it holds below 89.60 and stocks continued to rise in the U.S.
On the upside, resistance lies at 89.60 and above at 89.90. If the pair falls further, Dollar could find support at 89.05 (session low) and below at 88.80 (intra-day low).
USD/JPY trades at 89.39/42, 0.33% below today?s opening price and far from the lows of the day.
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