Forex: USD/JPY: Dollar at 99.20 resistance

The Dollar has bounced at 98.40 ahead of the European session opening and trades above 99.00 reaching levels at 99.20 resistance area.

In case of successful move above here, the Dollar would get on the path to 99.60 resistance (May 1 and 4 high) and above there, 99.70/75 (Mar 5, Apr 17 high). On the downside, support levels remain at 98.35/40 intra-day low and below there, 98.20 and 97.95 (May 6 low).

EUR/JPY has risen from 130.70 support level and the Euro reaches levels close to 13200 at the moment of writing. Resistance levels lie at 132.00/15 and 132.42. On the downside, support levels stand at 130.55 and 129.85.