Resistance 3: Y108.00
Resistance 2: Y107.00
Resistance 1: Y106.50
Current price: Y105.06
Support 1: Y105.00
Support 2: Y104.50
Support 3: Y103.50
Comments: the
dollar headed for a third weekly decline against the yen. The dollar
fell for the third day against the yen on speculation the U.S. economy
will weaken regardless of whether lawmakers pass a bill to buy troubled
assets from banks in a vote today. For the week, theUSD/JPY fell 1%.
Support is around Y104.80/Y105.00. Below losses may widen to Y104.50
and then – to Tuesday’s low on Y104.50. Resistance is around Tuesday’s
high on Y106.50, then – at Y107.00.