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USD/JPY moves off lows

FXStreet (Córdoba) - USD/JPY moved a few pips higher and trimmed intraday losses during the New York session after hitting a low of 114.87.

USD/JPY edged higher supported by higher US yields following a couple of Treasury auctions to hit a session high of 115.53, but momentum was faint. At time of writing, USD/JPY is trading at 115.48, still 0.25% below its opening price.

USD/JPY technical levels

In terms of technical levels, USD/JPY could find immediate resistances at 116.00 (psychological level/Nov 12 high), 116.09 (7-yr high Nov 11) and 116.70 (Oct 18 2007 high). On the flip side, supports are seen at 115.04 (100-hour SMA), 114.87 (Nov 12 low) and 114.62 (Nov 11 low).

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