Forex: USD/JPY falls to 91.30 after reaching 1-month high at 91.71, Thu, Oct 22 2009, 16:40 GMT

FXstreet.com (Barcelona) – The Dollar's advances against the Yen from 91.10 has been capped at 91.71, fresh 1-month high, during the American session with the pair sliding to trade close to 91.30. Currently the pair is trading around 91.35/45, 0.45% above today's opening price action at 91.00.

The FastBrokers Research Team comments: “Meanwhile, all eyes will be on tomorrow’s wave of EU and British econ data long with continued Q3 results. The USD/JPY’s correlation with U.S. equities it’s a bit out of whack these days. However, any broad-based favoritism of the risk trade would likely benefit the USD/JPY’s uptrend. Considering the GBP/USD and EUR/USD have limited topside technical barriers, the USD/JPY’s present run could have more room to go over the near-term.”

FastBrokers provides us with her levels: “Resistances: 91.76, 91.90, 92.03, 92.18, 92.38, 92.51. Supports: 91.38, 91.26, 91.16, 90.85, 90.67.”