FXStreet (Córdoba) - USD/JPY peaked after the release of Janet Yellen speech but then reversed, trimming gains. Tests November highs and back to 123.00 Janet Yellen gave more signals that a rate hike is coming and boosted the US dollar in the market. USD/JPY peaked at 123.66, hitting a 2-week high. Afterwards Greenback lost momentum and pulled back. The yen strengthened as US yields move off session highs and amid a decline in US stocks. The Dow Jones is losing 0.85% and the Nasdaq declines 0.60%. The US 10-yr yield is at 2.17% after reaching 2.20% earlier. Currently USD/JPY trades at 123.10/15, just 30 pips above yesterday's’ s closing price. Price is back at the level it had before the release of the ADP employment report. USD/JPY capped again below 123.70 For the third time in less than 30 days, the area around 123.70 capped the upside. Today USD/JPY turned to the downside after approaching the mentioned area. During November it tested several times 132.65/70 but greenback failed to break higher. The mentioned area has become a key resistance going into the NFP report on Friday. For more information, read our latest forex news.