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USD/JPY riding yen weakness

FXStreet (Guatemala) - USD/JPY is trading at 102.51, up 0.06% on the day, having posted a daily high at 102.53 and low at 102.44.

USD/JPY is holding up in the upper half of the handle on a weak yen while the Nikkei opens flat. Lee hardman at the Bank of Tokyo-Mitsubishi UFJ, Ltd explained explains that the Yen weakness reflects both improving global investor risk sentiment and building speculation that the BoJ may decide to accelerate monetary easing in response the loss of economic
momentum in Japan. to pressure companies to
increase wages to support the economic recovery

USD/JPY support and resistance levels

“Support levels: 102.30 101.95 101.60”.

“Resistance levels: 102.80 103.10 103.45”.

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