USDJPY bullish above 111.40

The US dollar continues to press higher against the Japanese yen currency on Monday, with the pair so finding interim resistance from the 112.07 level. The USDJPY pair retains a strong intraday bullish bias while trading above the 111.40 level. A break above the 112.07 level may provoke further technical buying toward the 112.20 and 112.80 resistance levels.

• The USDJPY pair is intraday bullish while trading above the 111.40 level, key technical resistance is found at the 112.20 and 112.80 levels.

• If the USDJPY pair trades below the 111.40 level, sellers may test towards the 111.12 and 110.80 support levels.