USD/JPY jumps above 114.00, to highest since March

The US dollar rose sharply in the market after the OPEC meeting. USD/JPY gained more than a hundred pips during the last two hours and broke above 114.00 for the first time since March. 

The pair jumped to 114.54 and then pulled back modestly. It was trading at 114.25, up 1.65% for the day or almost 200 pips. Greenback got a boost from rising US yields. The 10-year rose to 2.390%, the highest since July 2015. 

The yen is the weakest among the most traded currencies. In Wall Street, the Dow Jones is up 0.37% at 19,190 after printing a new record high at 19,220.

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USD/JPY Technical levels 

To the upside, resistance levels could be located at 114.50/60 (daily high / March high), 114.85 (Feb 16 high) and 115.00 (psychological). On the opposite direction, immediate support now might be seen at 114.00, 113.88 (Nov 25 high) and 113.30/35 (Nov 29 high).