The Yen has already erased all Friday's losses dragging NZD/JPY as low as 59.18. However, the pair seems to have found support at those lows and bounced slightly toward the 59.30 area where is trading at the moment of writing, 0.84% below its Asian session opening price.

To the downside, next supports could be found at 59.15, 58.80 and 58.50. To the upside, resistance levels might be located at 59.60, 59.80 and 60.00.

Tue, Aug 31 2010, 03:27 GMT
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