Resistance 3: Y108.00
Resistance 2: Y107.00
Resistance 1: Y106.50
Current price: Y106.02
Support 1: Y105.80
Support 2: Y105.40
Support 3: Y105.00
Comments: The
dollar rose against the yen Tuesday, having dropped the most in a week
a day earlier, as the U.S. Senate prepared to vote on a bill to buy
distressed assets from banks following its rejection by the House of
Representatives on Sept. 29. The yen was little changed after the Bank
of Japan's quarterly Tankan survey showed an index that measures
confidence among large makers declined to -3 from 5, worse than the
median estimate for -2 in a survey. Currently rate tests Fibo support
at Y105.80 (23.6% of yesterday’s gain. Below losses may widen to
Y105.40 ( 38.2%) and Y105.00 (50%). Resistance is around yesterday’s
high on Y106.50 with stronger level is around Monday’s high on Y107.00.