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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY rose further after fining support at 104.45 and is testing levels above 104.70 as stocks open higher in Japan.

The US dollar finished higher on Tuesday against the Yen, with a 30-pips gain. During the American session traded for a few minutes above 104.70 but failed to hold and retreated to 104.30 from where it rebounded and regained momentum.

The Nikkei 225 is up 0.85% in the first minutes of trading giving a boost to the USD/JPY that currently trades at fresh daily highs at 104.74, up 0.20% for the day.

Technical levels to watch for USD/JPY

Above 104.70 resistance levels lie at 105.10 and 105.40 according to Valeria Bednarik, Chief Analyst at while support comes at 104.30, 103.90 and 103.55.
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