The US dollar reacted to the upside against the Japanese Yen following the 22.7% jump in housing starts in November. The USD/JPY advanced around 25 pips in the latest few minutes from 102.95 to test intra-day high at 103.25. Currently the pair is pricing at 103.10, 0.40% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish. USD/JPY technicals Above the 103.20, the USD/JPY would face resistances at 103.35 and 103.70. On the downside, supports are at 102.80, 102.60 and 102.50.