USD/JPY peaked to 102.35 but returns to previous levels

FXstreet.com (San Francisco) - The USD/JPY jumps around 15 pips following the better than expected US Q1 GDP data to test the 102.35 area but the pair returned to previous levels quickly and currently it is trading at 102.15, 0.10% negative on the day.

Above the 102.35, the USD/JPY would face resistances at 102.50 and 102.85. On the downside, supports are at 101.85, 101.15 and 100.75.