USDJPY Rally Rejected at Resistance Line

Published March 13th, 2009 - 08:16 GMT
Al Bawaba
Al Bawaba

A line drawn off of the 3/5 and 3/10 highs has held as resistance today.  Staying below 98.70 keeps open the possibility that the USDJPY is headed below 95.64 (yesterday's low).