FXstreet.com (Barcelona) - The USD/JPY seems to have found a hard resistance level at 98.00 as several attempts to break higher have resulted fruitless so far, and the Dollar keeps stepping back some pips to try again.

The Dollar has remained trading in a range between 97.30 and 98.00 during the last hours and above 97.70 during Asian and European session. If 98.00 level gives, 99.00 would be the nest resistance area, although the pair is well overbought, and a setback reaction before 99.00 should be taken into consideration.

On the downside, the next suppor line remains at 97.33, and in case of dropping below there, 96.90 would be on sight before next potential support line at 96.40.