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Forex: USD/JPY jumps above 102.25 on Williams' speech

FXstreet.com (San Francisco) - The USD/JPY is currently trading bullish following the Federal Reserve of San Francisco Chairman Williams that said the QE could be reduced by summer and finished by year-end.

The USD/JPY advanced 40 pips in the latest few minutes from 101.95 to test the 102.35 level. Currently the pair is almost flat on the day; however it’s slightly bullish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutral in the 15-minute chart.

Next resistances are at 102.35, 102.65 and 102.75. On the downside, Supports are at 101.95, 101.80 and 101.50.

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Wall Street declines on QE end concerns

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