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Forex pairs in this Article » USD/JPY (New York) - The USD/JPY technical pair has recently reversed a retracement that eased to 98.15 earlier today, thereby resuming the uptick during US trading.

USD/JPY stability above 97.55 fosters rise

“The USD/JPY is still attempting to rise due to stability above 97.55. Consolidating above the referred to levels forces us to hold on to our positive expectations today.” notes the Technical Analyst Team.

USD/JPY navigating below first resistance

Presently however, the USD/JPY has been unable to regain its previous intraday highs at 98.59, instead settling near the 98.30 region at the time of writing – at this juncture the foreign exchange rate is notching a +0.55% advance. According to Mind Vision Traders, the USD/JPY will face resistance at 98.98, onto 99.42 and 100.75.
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