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Forex: USD/JPY bounces to fresh highs

FXstreet.com (Córdoba) - The US dollar resumed the upside against the yen following a short-lived fall in the wake of Kudora's comments, and bounced back to print a fresh 4-year high after the Fed released the minutes of its last meeting. Minutes showed division among participants on the appropriate timing of ending the asset purchases program.

USD/JPY climbed from a session low of 98.93 to a fresh daily high of 99.71. At time of writing, USD/JPY is trading around 99.65, where it records a 0.6% gain.

Valeria Bednarik, chief analyst at FXstreet.com, notes that the pair holds a positive bias with 100.00 at sight. Bednarik locates next resistances at 99.70, 100.00 and 100.45, while supports are seen at 99.50, 99.10 and 98.80.

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