USD/JPY trades above 120.00 level

FXStreet (San Francisco) - The US dollar has finally broken above the 120.00 level after several attempts across Monday's session. After jumping 40 pips from 119.70, the USD/JPY perforated the 120.00 frontier to trade at highs since February 12.

Currently, USD/JPY is trading at 120.06, up 0.36% on the day, having posted a daily high at 120.10 and low at 119.64. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

USD/JPY levels

If the pair consolidates above 120.00, it will find next resistances at 120.30 and 120.50. To the downside, supports are at 119.70, 119.50 and 119.30.