USD/JPY climbs to fresh daily highs

USD/JPY inched a tad higher and printed fresh daily highs as the greenback gathered pace over the last hours, despite disappointing US housing data.

USD/JPY bounced off lows and reached a daily peak of 100.60 during the New York session, although it lost momentum afterwards. At time of writing, the pair is trading at 100.48, recording a 0.26% daily gain.

Major pairs continue to trade in recent ranges as investors are wary ahead of Fed’s Yellen speech next Friday at the Jackson Hole Symposium. 

USD/JPY levels to watch

In terms of technical levels, next resistances could be faced at 100.59 (10-day SMA), 100.92 (Aug 22 high) and 101.31 (20-day SMA). On the other hand, supports are seen at 99.53 (Aug 16 low), 98.97 (Jun 24 low) and 98.00 (psychological level).