USDJPY PAIR TESTING BELOW KEY PIVOT
The U.S dollar continues to trade to the downside against the Japanese yen currency, as the greenback comes under selling pressure across the board. The USDJPY pair currently trades around the level 107.00 level, as buyers looked past better than expected United States Retail Sales data on Monday. Traders now look towards U.S Housing and Industrial Production data, and scheduled speeches from four FOMC members.
The USDJPY pair is intraday bearish while trading above below the 107.00 level, support is currently found at the 106.60 and 106.00 levels.
Should price-action on the USDJPY pair move back above the 107.30 level, buyers may test towards the 107.48 and 107.77 levels.