USDJPY NOW BULLISH ABOVE 110.00 LEVEL
The US dollar now trades back above the 110.00 level against the Japanese yen, with the pair earlier hitting 110.48, as the US dollar index gains back lost ground. The USDJPY currently trades around the 110.20 level, with risk-on trading sentiment supporting further intraday upside in the pair. Traders now look for fresh news from the meeting between President Trump and North Korean leader Kim Jong-un, and the release of key CPI inflation data from the United States economy.
The USDJPY pair is bullish while trading above the 110.00 level, key resistance is found at the 110.48 and 110.80 levels.
If the USDJPY pair moves below the key 110.00 level, key intraday support is now found at the 109.60 and 109.19 levels.