USDJPY STRONGLY BULLISH ABOVE 110.40
The US dollar continues to make gains above the 110.00 level against the Japanese yen, as the EU migrant deal boosts risk-on trading sentiment on Friday. The USDJPY pair has so far found technical resistance from the 110.80 level, and remains intraday bullish above the 110.40 level. Traders now look toward important Inflation and Wage data from the United States economy.
The USDJPY pair is strongly bullish while trading above the 110.40 level, further upside towards the 111.00 and 111.40 levels seems possible.
If the USDJPY pair moves below the 110.40 level, sellers will likely test towards the 110.20 and 110.00 support levels.