USDJPY slight bearish bias

The US dollar is struggling to find a directional bias against Japanese yen currency, as buyers and sellers continue to battle for control of the risk-sensitive pair. The USDJPY pair has a slight intraday bearish bias, after an earlier failed attempt at the 109.88 level created a bearish lower daily high. Overall, a break from the 109.14 to 109.88 price range is needed to provoke technical selling.

• The USDJPY pair is intraday bearish while trading below the 109.60 level, key technical support is found at the 109.14 and 108.90 levels.

• If the USDJPY pair trades above the 109.60 level, buyers may test towards the 109.88 and 110.40 levels.