USDJPY CORRECTION UNDERWAY BELOW 112.80
The US dollar trades to the downside against the Japanese yen currency on Friday, after President Trump’s bearish comments on the value of the US dollar. The USDJPY pair has broken below the key 112.80 level and has so far found strong technical support from just above the 112.00 level. Sellers will target a sustained break below the 112.20 level, while buyers will look to reclaim the 112.80 level.
The USDJPY pair is intraday bearish while trading below the 112.80 level, key support is found at the 112.00 and 111.70 levels.
If the USDJPY pair moves above the 112.80 level, buyers may test towards the 113.00 and 113.40 levels.