FXstreet.com (Barcelona) - USD/JPY has been weakening during the whole day today reaching a new two-weeks low at 97.55, at the moment the Dollar trades at 97.75, which means a 0.91% depreciation from its day-opening price at 98.65.

Immediate support level remains at 97.55 (upward moving trendline from Jan 21 low) and below here, 97.00/9690 level (Mar 25 low) and then probably the area around 96.45.

On the upside, if the Dollar manages to bounce at the current level, it should cross above 98.00/15 area and once above there, 98.50 (Apr 16 low) and intra-day high at 98.95.

On the longer perspective, the Dollar is now trading right above the upward trending support line from 21 Jan low at 87.10.

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