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USD/JPY extends gains to 109.00

FXStreet (San Francisco) - The US Dollar is extending its gains versus the Japanese Yen following better than expected jobless claims in the United States. The pair is performing fresh highs around 109.00.

Earlier in the day, the USD/JPY climbed to 108.85 where the pair found selling interest that launched it back to 108.50. Then the pair resumed its uptrend again and now it is pricing a news highs since September 2008 at 108.96.

Currently, USD/JPY is trading at 108.82, up 0.41% on the day, having posted a daily high at 108.97 and low at 108.31. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/JPY levels

If the pair manages to break above the 109.00, it will face next resistances at 10920 and 109.60. On the downside, supports are at 108.50, 108.30 and 108.70.

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