FXstreet.com (Córdoba) - The decline of the dollar versus the yen stalled at the 78.10/15 support area where USD/JPY found buyers and bounced slightly. However, the recovery has been capped by the 78.30 zone and the pair has spent the last hours trapped between those levels.
At time of writing, USD/JPY is trading at 78.25, where it posts a 0.4% drop on the day. On a wider view however, the cross remains inside this week's range, having approached to lows on Friday and on track for its first loss in 3 weeks.
As for technical levels, next supports are seen at 78.10, 77.90 and 77.65, while on the upside resistances could be encountered at 78.50, 78.65 and 78.80 (weekly highs).
At time of writing, USD/JPY is trading at 78.25, where it posts a 0.4% drop on the day. On a wider view however, the cross remains inside this week's range, having approached to lows on Friday and on track for its first loss in 3 weeks.
As for technical levels, next supports are seen at 78.10, 77.90 and 77.65, while on the upside resistances could be encountered at 78.50, 78.65 and 78.80 (weekly highs).
