USD/JPY finds support at 118.90; back above 119.00

FXStreet (San Francisco) - After recovering from the 118.65 area, the USD/JPY was sold at the 119.40 and the pair fell back to sub-119.00 levels. The pair found buying interest at 118.90 and is now back at 119.15.

Currently, USD/JPY is trading at 119.16, down 0.41% on the day, having posted a daily high at 119.67 and low at 118.65. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.

USD/JPY levels

If the pair consolidates prices above 119.00, it will find new resistances at 119.40, 119.50 and 119.80. To the downside, supports are at 118.90, 118.65 and 118.50.