FXstreet (Barcelona) - The Dollar has broken through the upper level of the flat trending channel it has been trading during the last three days; USD/JPY has broken through 98.60 resistance level and advances towards 99.20 (Mar 9 high), and then 99.70 (Mar 5 high) on its way towards 100.00 psychological resistance area.

On the upside, resistance levels stand at99.20 (Mar 9 high), and then 99.70 (Mar 5 high); once above there, the pair would be at 4-month high heading towards 100,50 Nov 4 high and 101.80.

On the downside, below 98.65, next support line comes at 97.90, then 97.14 (Mar 13 low), and below here 96.54 (Mar 6 low) and 95.67 (Mar 12 low).