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USD/JPY consolidates above 102.00

FXstreet.com (Córdoba) – The USD/JPY hovers near 6-month highs Thursday, as rising stocks in Asia and Europe kept the Japanese currency under pressure.

After hitting a 6-month high of 102.27, the USD/JPY staged a short-lived correction and dipped briefly below the 102.00 mark before finding support at the 101.90 area. At time of writing, the USD/JPY is trading at 102.20, virtually unchanged since opening. With US markets closed due to the Thanksgiving holiday, the pair might see some consolidation after yesterday’s gains.

USD/JPY technical levels

In terms of technical levels, the USD/JPY could find immediate resistances at 102.27 (daily high) and 102.51 …read more