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USD/JPY extending gains above 105.00 - FXStreet

FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik observes, USD/JPY is climbing steadily above the 105.00 level on Monday.

Key quotes

"USD/JPY is extending the bounce from its 100 SMA, currently around 105.10 and immediate short term support."

"In the same time frame, indicators head higher above their midlines, lacking momentum at the time being, while the 4 hours chart shows indicators also well into positive territory, but with no strength."

"Above 105.45, January high, the pair will likely retest past week one of 105.70, in route to 106.00."

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