USDJPY targets 100.66/101.52 levels,Support at 97.75 !

Dollar Yen

The USDJPY maintained a bullish momentum yesterday, broke above the key resistance 99.33, this development leaves the pair targeting the 100.66/100.86 levels  the upcoming days, a breach will turn focus on the 101.52 levels, further upside will aim the 103.73 levels.

On the downside, support comes at the 97.75 levels , losing this level on a daily closing basis will reverse risks to downside, If seen It will target the 96.81 ahead of the 95.80 levels, further downside will aim the 93.78 levels.

In all, the USDJPY will remain biased to the upside as long as 97.75 holds on a daily closing basis with risk towards the 101.66/101.52 levels.