FXstreet.com (Barcelona) - The Dollar has weakened against the Yen on European trading times and the pair has dropped from 96.90 at session opening times to test resistance at 95.80 at the moment of writing. According to the Swiss e Trade Strategy Team the Dollar will open a sideways trading period at current levels: "Against the Yen the Dollar has lost its upward momentum in Asian trading, and continues to loose ground in early European trading, right now priced at 95.95. A sideways market is about to emerge now, limited to between 96.80/96.10 trading band." Immediate support lies at the mentioned 95.80, and below there, 95.50 (May 27 high) and 95.20 (May 28 low). Resistance levels lie at the 96.90/97.05 area, and above there, 97.25 (May 28 high) and 97.85 (May 12 high).

Source