Forex: USD/JPY establishes fresh highs at 93.64/65

The USD/JPY has been one of the star performers today after the G20 pushed the yen aside and let the greenback have its way during the American session today. Back during the overnight session, the pair traded as low as 92.23 (intraday low) before suddenly rocketing forward. At the time of writing the cross is establishing fresh session highs at 93.64/65, up a steadfast +0.78%.

In the United States, the Reuters/Michigan Consumer Sentiment Index (February) came in at 76.3, vs. projections of 74.8, and marking an improvement from 73.8 in the month of January.

After rupturing calculated resistance at 93.51, the Mataf.net analyst team points to additional means of correction at 94.13 and 94.54. On the negative side, a break below 92.48 will trigger supports at 92.06 and 91.45.