Resistance 3: Y100.55
Resistance 2: Y98.90
Resistance 1: Y98.30
Current price: Y97.73
Support 1: Y96.10
Support 2: Y95.70
Support 3: Y94.60
Comments: The yen rose against the dollar on speculation a slump in global stocks prompted investors to reduce carry trades.
Daily
studies fading as the market slips back below the 5&21-DMAs, having
failed to provide a decent attack on Y100.55/85. Initial support is at
Y96.80, Y96.10 and Y95.70 (50% retracement of Y90.90 rally).