Up-trend channel support in the December yen is seen today down at 88.18 and that support level climbs to 88.25 in the next trading session. However, expectations of a slack US durable goods result later this morning could set the stage for further step wise gains in the Canadian Dollar. Longer term down trend channel resistance is seen up at 89.15 and a rise above that level could give off the impression of a major reversal in the Canadian Dollar.
