USD/JPY Stays Strong Above 157.00, Following Japan’s Inflation Data

The USD/JPY pair remains steady above 157.00 during Asian Session today, maintaining its previous gains despite market risk aversion. The pair benefits from weaker Japanese inflation data which puts pressure on the Japanese Yen.
Technically, the first resistance level appears at 157.10. If it breaks and holds above this level, the pair could aim for higher levels at 158.00 and then 158.85. Yet, if the pair falls below 156.10, the key support levels to watch are 155.15 and 153.90.