USDJPY ONLY INTRADAY BULLISH ABOVE 110.87
The US dollar continues to hold above the 111.00 level against the Japanese yen currency after sellers failed to sustain downside pressures on Thursday. The USDJPY pair now has a bullish intraday bias while trading above the key 110.87 technical level. Traders now look to key second fiscal quarter Gross Domestic Product and Inflation data from the United States economy.
The USDJPY pair is intraday bullish while trading above the 110.87 level, key resistance is found at the 111.39 and 111.70 levels.
If the USDJPY pair falls back below the 110.87 level, sellers will likely test towards the 110.55 and 110.25 levels.