USD/JPY hits fresh highs ahead of US GDP

FXstreet.com (Córdoba) - After falling to a 3-week low of 100.45, the US dollar found support and managed to reverse losses versus the yen, climbing over 100 pips within the last hours to print a high of 101.80 ahead of the NY opening.

USD/JPY is currently trading at the 101.60 area, where it is 0.5% above its opening price, ahead of a duck of US data, including jobless claims, Q1 GDP revision and pending home sales.

In terms of technical levels, on the upside, immediate resistances could be faced at 101.80 (daily high) and 102.00 (psychological level), while supports are seen at the 100.90 zone ahead of 100.45 (daily low).