Continued fears that Japanese airline JAL will file for bankruptcy has helped further boost USD/JPY. The buck is closing in on the 92.50 level where Japanese exporter offers are noted. 92.53 is a top on the charts dating back to September 21.
USD/JPY earlier overcame important resistance at 92.30 and will now find support around that level on pullbacks. 93.66 is the medium-term topside target, the 200-day moving average.
