FXstreet.com (Barcelona) - The USD/JPY has broken through there upper level of the flat trending channel it has been trading during the last days, moments ahead of the U.S. session opening the Dollar has risen through 98.00 and advances towards resistance level at 98.70 (Feb 26 high).

If the Dollar manages above 97.70, next resistance level might come at 98.65, and above here 99.55 (Now 10 high) would be the last resistance level before the 100.00 psychological level.

On the downside, the next support level remains at 98.00, if the pair returns below here would get back in the range of the last 7 days, and the next support level remains at 97.00. once below 97, next support level would come at 96.38 and below here the pair could test 95.70.