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Forex: USD/JPY declines from highs

FXstreet.com (San Francisco) - The USD/JPY is currently retreating from daily highs at 93.55 to trade close to 93.25. Previously, the pair recovered from 92.55, the lowest level since March 1st, to post daily advances at 93.55.

Currently the pair is 0.08% positive on the day. The USD/JPY is Slightly bullish according to the FXstreet.com forex studies. Indicators such as CCI and Momentum are bullish, while the MACD is neutral and the Stochastic is bearish.

The USD/JPY will face resistances at 93.50, 94.00 and 94.40. On the downside, supports are at 93.00, 92.55 and 92.40.

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