FXstreet.com (Barcelona) - USD/JPY attempt to rally was short lived, after a timid entry at levels above 98.60 resistance level, the Dollar has turned around falling below 98.60, getting back to the flat trending channel it has been trading during the last three days, between 98.00 and 98.65. Volatility is low.

On the upside, above 98.65, resistance levels stand at 99.20 (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.

Support levels lie at 97.90, then 97.14 (Mar 13 low), and below here 96.54 (Mar 6 low) and 95.67 (Mar 12 low).