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Forex: USD/JPY extends gains and tests 99.90

FXstreet.com (San Francisco) - The US dollar has broken the April 10th high at 99.86 against the Japanese Yen following a 80 pips uptrend movement from 99.10, the USD/JPY has reached a fresh highest level since April 2009 at 99.92. Currently the pair is trading at 99.83.

Almost flat on the day, the pair is trading slightly bullish according to the FXstreet.com trend index. Indicators are bullish in the 1-hour chart as MACD, CCI and Momentum are pointing north while the Stochastic is neutral.

Above the 99.90 level, the 100.00 is the key price to be beaten before attack the 101.35 April 2009 high. On the downside, supports are at 99.10, 98.90 and 98.60.

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