The US dollar remains strong in the market on Tuesday supported by housing data from the United States. USD/JPY rose further after Wall Street opening bell and reached a 1-month high at 120.69. The pair remains near the highs, rising for the fourth day in a row and headed toward the strongest close since March 19. Price is approaching April highs that lie at 120.80/85. A break higher would expose 121.00. Despite the rally of USD/JPY, the yen is posting gains in the market, except versus the US dollar, that is consolidating important gains ahead of tomorrow's FOMC minutes. To the upside, resistance levels lie at 120.60/65 (daily high), 120.83 (March 13 high) and 121.05/10. On the opposite direction, support could be located at 120.30, 119.80/85 (daily low) and 119.50.