USD/JPY: Continues Gains But Still Encounters Resistance 156.00

USD/JPY maintained its gains, trading at 155.66 after hitting a daily low of 155.25.

The technical outlook points to further gains for the currency, with resistance at 156.05, 157.00 and the yearly high at 160.32.

Key support levels include 155.18, 155.00 and the May 16 low of 153.60 if USD/JPY falls below 155.69.

USD/JPY extended gains late in the U.S. session on Friday but was set to remain unchanged at the end of last week. USD/JPY was at 155.66, up 0.18% after hitting a daily low of 155.25.

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