FXstreet.com (Barcelona) - The USD JPY continues rallying at with a firm pace and it has broken past 96.20 moments ahead of the U.S. session opening. The USD has risen to levels not seem since late November.

The U.S. Dollar has rallied almost 200 pips so far today from support level at 94.25 breaking all resistance levels and the pair is on its way to test 96.70 (Nov 6 low) resistance level, and above here 97.35. (Nov 24 high).

The Pair has entered into overbought territory, thus a slight correction towards 96.26 or to 96.00 would not be off the cards.