USD/JPY extends advance to 102.70 after GDP data

FXstreet.com (San Francisco) - The US dollar is trading higher against the Japanese yen as the pair is extending advance following the US GDP numbers. After a bounce at 102.15 in the European session, the USD/JPY was rising to test 102.70.

The USD/JPY is currently pricing at 102.65, 0.45% positive on the day. The short term perspective is strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.

USD/JPY levels

Above the 102.70, the USD/JPY would face resistances at 103.15 and 103.45. On the downside, supports are at 102.50, 102.10 and 101.85.