The US dollar is trading in recovery mode against the Japanese yen following a decline from 102.40 to test the 102.00 area overnight. The USD/JPY bounced at this level and now it is testing 102.40 area again. The USD/JPY is currently trading at 102.30, 0.08% negative on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish. If the pair manages to break above 102.40, it would face new resistances at 102.55 and 102.70. On the downside, supports are at 102.00, 101.85 and 101.50.