FXstreet.com (Barcelona) - USD/JPY uptrend move from 95.95 low yesterday seems to have stalled at 98.40 resistance level and the pair has been moving in a narrow below the mentioned level through the whole European trading session.

According to the Swiss e Trade Strategy Team, the Dollar remains in a bid tone and a test to 98.90 level should not be excluded: Priced currently at 98.30, the dollar is consolidating its gains with a bid tone. We expect the current upmove to meet resistance soon, at 98.85, and see then a setback to levels around 97.90.

EUR/JPY bounce from 126.35 low reached on Monday has come to a standstill at 130.75 resistance level, the pair is testing that level at the moment.