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Forex: USD/JPY rebounding after 95.83 low

FXstreet.com (Barcelona) - Following its lowest price, at 95.83, following the terrorist attack in Boston, the USD/JPY bounced back to 97.00 area during the Asian session. The market reached as high as 97.71, and as investors get ready for the European session, the pair is climbing the chart again back to those highs.

During the course of the day, the economic calendar will provide updates of the UK, Eurozone and US consumer price index, as well as EMU economic sentiment and ECB’s Draghi speech.

Mataf.net analysts point to resistance at 97.70, 98.25 and 98.65. On the downside, supports might be found at 97.25, 96.60 and 95.80.

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