USD/JPY back off the Yellen highs on 110 handle

Currently, USD/JPY is trading at 110.23, up 0.25% on the day, having posted a daily high at 110.36 and low at 109.89.

USD/JPY is back off the highs after it penetrated through the 110 handle overnight and reached the aforementioned high and levels not seen since 31st May 2016. Market wrap: USD higher on Yellen - Westpac

USD/JPY levels

Current price is 110.24, with resistance ahead at 110.36 (Daily High), 110.65 (Daily Classic R3), 110.73 (Weekly Classic R2), 114.50 (Weekly Classic R3) and 121.08 (YTD High). Next support to the downside can be found at 110.21 (Daily Classic R2), 110.01 (Yesterday's High), 109.97 (Daily Open), 109.97 (Monthly High) and 109.97 (Weekly High).