USDJPY below trendline support
The US dollar continues to move lower against the Japanese yen currency, with the pair now trading below key weekly trendline support. The USDJPY pair now has a strong bearish bias while trading below the 111.30 level and could weaken further towards the 110.90 level. USDJPY bulls need to move price above the 111.45 level in order to shift the pairs bearish bias.
The USDJPY pair is strongly bearish while trading below the 111.30 level, key support is found at the 110.90 and 110.60 levels.
If the USDJPY pair trades below the 111.45 level, buyers may test towards the 111.80 and 112.15 resistance levels.