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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY opened the week around Friday's closing price and continues to trade inside a small range. During the second half of the last American session the pair traded with support at 103.95 and resistance at the 104.10 area.

USD/JPY looking for a ninth weekly gain

The US dollar posted last week the eight weekly gain in row extending to 650 pips the rally from late October. The trend still points to the upside as it posted the highest weekly close since September 2008 and continues to hold around 104.00.

Last Friday the USD/JPY reached a fresh 5-year high at 104.65; below immediate resistance could be located at 104.30. Support levels might lie at 103.80 (December 19 lows) end below at 103.35 (December 10 high).
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