USD/JPY bounces-off 100.10, re-attempts 5-DMA

A renewed selling-wave in the USD/JPY pair lost steam near 100.10 region, allowing a tepid-bounce back towards 5-DMA at 100.39.

USD/JPY manages to hold 100 barrier

The dollar-yen pair bounced from a brief dip as the ongoing broad based recovery in the greenback gained further traction, despite poor risk environment,  At the time of writing, the major trades +0.40% higher at 100.30 levels.

Meanwhile, the major manages to hold above 100 handle as the USD bears take a breather after a five-day sell-off amid a quiet Asian calendar this Friday. While increasing pressure on the BOJ to ease further, in wake of a sharp appreciation in the yen, also keeps the sentiment around the USD/JPY buoyed.

Later in the day, the major will continue to get influenced by the RO-RO trends amid a data-empty US economic calendar.

USD/JPY Technical levels to watch

In terms of technicals , the immediate resistance is located at 100.50 (psychological levels). A break above the last, the major could test 100.88/97 (daily R2/ 10-DMA). While to the downside, the immediate support is seen at 100.00 (daily pivot) and below that at 99.55 (Aug 16 low).