USD/JPY bounces at 117.50; back to 118.00

FXStreet (San Francisco) - The USD is fighting back against the Japanese yen and after falling 120 pips from 118.75, USD / JPY is now bouncing on 117.50.

Currently, USD/JPY is trading at 117.92, down 0.36% on the day, having posted a daily high at 118.86 and low at 117.54. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/JPY levels

To the upside, the pair will find resistances at 118.00, 118.10 and 118.75. To the downside, supports are at 117.70, 117.50 and 117.00.