The yen has been bowing to USD strength despite low US treasury yields and ongoing geopolitical tensions. After settling above 103, USD/JPY extended its moves on the not-dovish-at-all FOMC meeting minutes and reached 103.75, a level that was also a swing high back in March. So far, the pair stopped at this resistance line. Can it move forward or will the 102 “magnet” pull the pair down (perhaps on Jackson Hole dovishness from Yellen) for a while before it resumes its upwards trend? Here is how it looks on the chart: Upon a convincing break of 103.75, the next line of resistance is 104.10, which was a double top back in early April. Support appears at the round number of 103 that the pair broke earlier. For more, see the dollar yen forecast Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Getting to grips with trend following – part 2 Guest 9 years The yen has been bowing to USD strength despite low US treasury yields and ongoing geopolitical tensions. After settling above 103, USD/JPY extended its moves on the not-dovish-at-all FOMC meeting minutes and reached 103.75, a level that was also a swing high back in March. So far, the pair stopped at this resistance line. Can it move forward or will the 102 "magnet" pull the pair down (perhaps on Jackson Hole dovishness from Yellen) for a while before it resumes its upwards trend? Here is how it looks on the chart: Upon a convincing break of 103.75, the next line… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.