USD/JPY hovers near 10-month highs

The yen is among the worst performers in an environment of broad USD strength in the wake of ECB decision.

USD/JPY broke above the 115.00 level on Friday, extending gains into a second straight day, and reached a 10-day peak of 115.26. At time of writing, the pair is trading at 115.20, recording a 1.04% gain on the day and on track to post its fifth weekly advance in a row.

There were no major data releases on Friday, leaving price action mostly driven by post-ECB flows.

USD/JPY technical levels

As for technical levels, next resistances for USD/JPY are seen at 115.26 (Dec 9 high), 115.84 (Fed 9 high) and 116.00 (psychological level). On the other hand, supports could be found at  113.99 (Dec 9 low), 113.69 (10-day SMA), 112.85 (Dec 5 low) and 112.05 (Nov 30 low).

USDJPY from Tip TV Productions on Vimeo.