FXstreet.com (Barcelona) - USD/JPY rally from 87.40 low on December 9, peaked on Friday at 89.80, and the pair's pullback has extended during Asian session to 88.40 low and Dollar's following rebound was halted at at 89.00, sending the pair down to 88.55 at European session opening.

Iitial support level lies at the mentioned 88.40/45 (session low/Dec 10 high), and below here, 88.10 and 87.65/70 (Dec 10 lows). On the upside, the Dollar has found resistance at 89.00 on Asian session, and above here, next resistance levels might be at 89.35 (session high) and 89.80 (Dec 11 high).

GBP/JPY decline from Friday's high at 145.65 found support during Asian session at 143.10, and the pair bounced up to 140.10 high to pull back afterwards and trade at levels around 143.85 at the moment of writing. Support levels lie at 143.10 and 142.50. Resistance levels are 144.30/40 and 145.00/10.

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