There is a resistance at the price of around 97.83 on the 12 May 09. There is another resistance at around 96.70 on 13 May 09 and 19 May 09.
USD JPY is observed to have loss of momentum as the market reaches the resistance at around 96.70. This is considered a weak buy. From the chart, an opening wedge is seen. There is news coming out at 8:30pm that will move the USD.