FXstreet.com (Córdoba) - The Dollar extended gains against a weakening Yen on Friday, reaching an over 3 months high as the Japanese currency remains pressured by the risk-on environment.
USD/JPY rose to 79.29, its highest since Oct 31 and at time of writing it continues to trade just below recent highs, where it records a 0.4% gain on Friday.
On the upside, if the pair breaks decisively above the 79.20 area, next resistances could be found at the 77.50/55 area, Oct 31, BoJ intervention-fuelled high. On the downside, immediate support is now seen at 79.00, followed by 78.80.
