USDJPY INTRADAY BULLISH ABOVE 110.25
The US dollar has moved to a fresh monthly trading-high against the Japanese yen, hitting 110.68, as the greenback gains broadly ahead of today’s FOMC Interest Rate Decision. The USDJPY pair trades close to session high’s and remains strongly intraday bullish while trading above the 110.25 level. Traders now look towards the release of US PPI Inflation data, and the Federal Reserve’s much awaited policy decision later today.
The USDJPY pair is strongly intraday bullish while trading above the 110.25 level, key resistance is now found at the 111.00 and 110.39 levels.
If the USDJPY pair falls below the 110.25 level, key technical support is found at the 110.00 and 109.60 levels.