USDJPY SELLING EXPECTED BELOW 111.00 LEVEL
The US dollar has fallen below the key 111.00 level against the Japanese yen, as Sino-US trade tensions continue to escalate on Thursday. Now that the 111.00 to 111.50 range has been broken, sellers are back in control of the price action over the short-term. The 110.55 support level is the key area bears now need to break, while buyers will look to push the price back above the 111.37 level.
The USDJPY pair is bearish while trading below the 111.00 level, key support is now found at the 110.55 and 110.00 levels.
If the USDJPY pair trades above the 111.00 level, buyers will likely test towards the 111.37 and 111.50 resistance levels.