USD/JPY rises to 6-day high above 103.00 amid BoE/ECB headlines

USD/JPY pushed to fresh daily highs during the American afternoon as dovish remarks from both BoE and ECB prompted hopes of further monetary stimulus, lifting stocks and risk appetite.

USD/JPY rose near half a cent and touched a fresh 6-day high of 103.23. At time of writing, USD/JPY is trading at 103.15, recording a 0.34% gain on the day.

US stocks turned positive and the S&P has almost erased completely post-Brexit losses on the back of afternoon headlines.

USD/JPY levels to watch

As for technical levels, immediate resistances are seen at 103.63 (10-day SMA) and 104.00 (psychological level). On the other hand, supports could be faced at 102.34 (100-hour SMA/daily low) and 102.16 (Jun 29 low).