USDJPY STILL TRAPPED IN NARROW RANGE
The US dollar continues to trade within a narrow-range against the Japanese yen currency, as traders await the latest monthly jobs report from the United States economy. The USDJPY pair is currently stabilizing above the 110.50 level, despite fears about US trade tensions with China. Sellers will try to break below the 110.25 support level, while buyers will try to clear the 110.80 resistance level.
The USDJPY pair is bearish while trading below the 110.25 level, key support is found at the 109.54 and 109.00 levels.
If the USDJPY pair moves above the 110.80 level, buyers will likely test towards the 111.00 and 111.40 resistance levels