USD/JPY breaks above 102.00 and tests 200-hour MA at 102.10

FXStreet (San Francisco) - The US dollar is advancing against the Japanese yen after breaking above the 102.00 area where the USD/JPY activated stops that launched the pair to intra-day highs around 200-hour MA at 102.10.

The USD/JPY is now trading at 102.06, 0.66% positive on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

USD/JPY levels

Above the 102.10 level, the USD/JPY would face more resistances at 102.30 and 102.60. On the downside, supports are at 101.60 and 101.25.