USD/JPY breaks above 103.30 and extends advance to 4-week highs

FXStreet (San Francisco) - The US Dollar just broke the 103.30 level against the Japanese Yen as the pair is joining a risk appetite environment on Monday. The USD/JPY rose 25 pips to 103.45 a few minutes ago and it extended advance from 102.80 priced overnight.

After peaking to highs since March 7, the USD/JPY is now trading at 103.35, 0.47% positive on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart.

USD/JPY levels

Above the 103.45, the USD/JPY would face resistances at 103.75, 103.85 and 104.00. On the other side, supports are at 103.20, 103.00 and 102.80.