Positive risk sentiment is behind the move higher in USD/JPY as the pair rises to the highest since May 15.
The latest move above 102 hit some minor buy stops up to 102.09 and the pair is flirting with the downtrend since April 4. The next main technical mark is the 55-day moving avg at 102.20.
Stronger offers are in the 102.25/30 zone and at 102.50.
USDJPY daily – big turnaround last week
Bids start at the session low of 101.73 and extend down to 101.60.
