USD/JPY rebounded on Tuesday to approach its Asian trading session high of 90.91, after declining earlier to a daily low of 90.47.
The pair hit 90.78 during European late morning trading, erasing most of the day's earlier losses. USD/JPY was likely to find resistance at 92.04, the high of Jan. 14, and support around 89.14, the low of Jan. 27.
Earlier Tuesday, the Bank of Japan released disappointing data on its Monetary Base, which rose in January by 4.9% as opposed to 5%, as expected.