USD/JPY sold at 119.25; back to 119.00

FXStreet (Tokyo) - After bouncing off 118.90, the USD/JPY recovered ground to trade as high as 119.25; however, the pair found selling interest at this level and it was launched back to 119.00.

Currently, USD/JPY is trading at 119.12, down 0.05% on the day, having posted a daily high at 119.50 and low at 118.93. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

USD/JPY levels

If the pair extends decline below 119.00, it will find supports at 118.90, 118.60 and 118.30. To the upside, resistances are at 119.15, 119.25 and 119.50.