USD/JPY trades above 101.70

By FXstreet.com | July 09, 2014 AAA

FXStreet (San Francisco) - Not a big move but the US Dollar rose 10 pips in the latest few minutes to trade at daily highs around 101.75 against the Japanese Yen.



Currently, USD/JPY is trading at 101.70, up 0.13% on the day, having posted a daily high at 101.75 and low at 101.45. USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.



USD/JPY levels



If the pair consolidates gains above 101.70, it would face next resistances at 101.80 and 101.90. On the downside, supports are at 101.60, 101.45 and 101.25.



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