USD/JPY extends gains above 100

FXstreet.com (Barcelona) - The USD/JPY foreign exchange rate is currently quoted at fresh session highs 100.23, bouncing from late NY session lows at 99.85, with the US closed over 4th of July holiday.

USD/JPY dynamic support around 99.80

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the USD/JPY “managed to hold above its 100 SMA that stands offering dynamic support around 99.80 in the hourly chart, while indicators hold pretty flat around their midlines, giving no clues on direction at the time being.”

GBP/JPY key technical levels

Bednarik sees support levels at: 99.80, 99.50 and 99.25, while resistance levels at: 100.30, 100.70 and 101.10.