FXStreet (San Francisco) - The USD/JPY extended its post-NFP gains from 101.80 area and now it is testing the 102.25 level where the pair found some selling interest.



Currently, USD/JPY is trading at 102.19, up 0.43% on the day, having posted a daily high at 102.30 and low at 101.75. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.



USD/JPY Sentiment



"US 10 year notes are now at a 2.657% yield, up a bit less than 3 bp on the day. Earlier they rose to 2.69%, briefly," points Jamie Coleman from FXStreet. "USD/JPY may struggle to maintain its altitude if yields ease further. We trade now at 102.15 after reaching 102.26 highs earlier this morning."



If the pair manages to break above 102.25, it would face resistance at 102.40 and 102.60. On the downside, supports are at 102.00, 101.75 and 101.60.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY likely to transition higher – BAML

  2. Forex News

    USD/JPY points to 125-130 in h1 2016 – BAML

  3. Forex News

    USD/JPY sellers exhausted? – BBH

  4. Forex News

    USD/JPY backs away from highs after US data

  5. Forex News

    Recent USDOLLAR Uptrend Under Pressure as World Waits on Greece

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!