FXstreet.com (Barcelona) - The USD/JPY today's rally from the 95.65, three weeks low, was capped at 98.50 level and the pair has been rejected to be traded below the 98.00.

Currently, the pair is trading around the congested zone of 97.80/98.00 support level, if the pair continue to going down, below the 97.90, it will find minor support at 97.20, and then Mar 6 low at 96.56, and below there 95.95 first, and then 95.65.

On the upside, the pair could be back to break the 98.50 resistance and, above here, The dollar has a clear path to set another assault to the 99.20 intra-week high, and successful move above there 99.67 (Mar 05 high), if the Dollar manages to break through 99.67, it will be at the highest level since Nov 4, and heading towards psychological resistance at 100,00.