USDJPY BULLISH BIAS ABOVE 113.15 LEVEL
The US dollar has moved higher against the Japanese yen currency in early week trade, following much weaker than expected Japanese Inflation data and an approved appetite for riskier asset classes. The USDJPY is intraday bullish while trading above the 113.15 level, which is a former key resistance level the pair has been struggled to overcome. Traders now await the open of US equity markets following the extended Thanksgiving holiday last week.
The USDJPY pair is intraday bullish while trading above the 113.15 level, key technical resistance is now found at the 113.40 and 114.00 levels.
If the USDJPY pair trades below the 113.15 level, key technical support is now found at the 112.79 and 112.53 levels.