USD/JPY hits fresh highs above 101.70

FXStreet (Córdoba) - The USD/JPY printed a fresh weekly high at 101.79, as stocks rise in the US while Greenback remains resilient across the board. The pair is rising for the second day in a row recovering further after bottoming yesterday at 100.80, the lowest price in three months. The yen is the worst major in the market on Thursday.

Currently USD/JPY trades at 101.78, up 0.41%, headed toward the highest daily close since May 15.

USD/JPY levels to watch

The pair approached 102.00; above here immediate resistance could be located around 102.10/20, followed by 102.35 (May 13 high) and 102.70. On the other direction, the immediate support lies at 101.55 (intraday level) and then 101.30 and 100.80 (May 21 low).