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Forex: Yen crosses rebound slightly

By FXstreet.com,  May 24, 2010, 12:06:00 AM EDT

FXstreet.com (Córdoba) - USD/JPY and EUR/JPY have been up and down on this Monday trade, now they are back up since most of JPY crosses have rebounded from lows.

USD/JPY jumped almost 50 pips from the session low at 89.74 back above the 90.20 zone. At the moment the pair seems to have encountered resistance around the 90.20 zone and is struggling to break above.

EUR/JPY fell above 100 pips at early trade and posted an intraday low at 112.05 where it bounced rising more than 85 pips. The current price is around 112.80, still 0.37% below its opening price.

AUD/JPY has also recovered from its daily low at 73.48 and is back at the 74.70 zone.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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