FXstreet.com (Barcelona) - The USD/JPY rose as risk appetite increased and Japanese investors looked for higher returns abroad.

After breaking its uptrend on the Fed's quantitative easing announcement, the pair later recovered most of its losses and looks likely to test resistance.

The USD/JPY is just below the resistance in the 99-area. If this is broken, the ascent will continue, said Hans Nilsson, analyst at CMS Forex.