USDJPY DIP BUYERS IN CONTROL
The US dollar continues to remain well bid against the Japanese yen currency, with dip buyers earlier moving in from the 110.28 support level. Price action currently trades around the 110.55 region, with the USDJPY pair retaining its intraday bullish bias while price holds above the 110.48 level. Traders now look to scheduled speeches from Federal Reserve members Bostic and Williams.
The USDJPY pair is intraday bullish while trading above the 110.48 level, key technical resistance remains at the 110.89 and 111.39 levels.
If the USDJPY pair moves below the 110.48 level, key intraday support is found at the 110.28 and 110.00 levels.