USD/JPY hits post-FOMC highs

FXStreet (Córdoba) - The USD/JPY stretched a bit higher and printed fresh highs for the day following comments from a BoJ official saying it is premature to discuss timing and method of exiting QQE.

The USD/JPY extended its recovery from weekly lows and reached a fresh post-FOMC high of 102.05 amid dovish comments from the BoJ. At time of writing, the pair is trading at 102.00, recording a 0.10% gain on the day.

USD/JPY technical levels

In terms of technical levels, the USD/JPY might face next resistances at 102.05 (50-day SMA), 102.38 (Jun 11 high) and 102.64 (Jun 9 high). On the other hand, supports could be found at 101.73 (Jun 19 low), 101.60 (Jun 12 low) and 101.42 (May 29 low).