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  • The Dollar is on the rise against the safe haven Yen as broader risk appetite improves.
  • Higher lows  on higher timeframes is marking in bullish pressure for the pair despite mixed performance for the Greenback against other G10 currencies.
  • THe USD/JPY is on pace to erase 2018’s early losses.

USD/JPY chart, 15-Minute

Spot rate:   110.95
Relative change:   0.16%
High:   110.97
Low:   110.76
   
Trend:   Bullish
   
Support 1:   110.76 (current day low)
Support 2:   110.36 (current week low)
Support 3:   109.36 (one month low)
   
Resistance 1:   110.98 (R2 daily pivot; major technical level)
Resistance 2:   111.15 (161.8% Fibo expansion level)
Resistance 3:   111.87 (R3 weekly pivot)