FXStreet (San Francisco) - After breaking 102.70 level and testing daily highs at 102.75, the USD/JPY found selling interest that sent the pair to 102.65; however the pair recovered the mood and now it is extending gains to 102.90.
Currently, USD/JPY is trading at 102.87, up 0.29% on the day, having posted a daily high at 102.94 and low at 102.46. USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
The pair is now focused into 103.00, that works as next resistance ahead of 103.10 and 103.40. On the downside, 102.70, 102.60 and 102.40 are supports.