USD/JPY managed to move a tad higher on Friday but only trimmed a slim part of this week’s losses and remains on track to post it second weekly loss in a row. USD/JPY was supported by better-than-expected US retail sales data and reached a daily high of 113.15 during the New York session before momentum faded. Having spent the last hours in a slim range near highs, USD/JPY was last trading at 113.10, recording a 0.63% gain on Friday. The day before, USD/JPY posted a 15-month low of 110.97 from where it was strongly rejected, raising speculations the BoJ might had intervened to curb yen’s strength. USD/JPY levels to watch As for technical levels, next resistances are seen 113.58 (Feb 11 high), 113.81 (100-hour SMA) and 114.00 (psychological level). On the flip side, supports could be found at 111.65 (Feb 12 low), 110.97 (Feb 11 low) and 110.00 (psychological level). For more information, read our latest forex news.