USDJPY 110.35 minor resistance

The US dollar is attempting to correct higher against the Japanese yen currency on Monday, despite the Nikkei225 suffering its largest one-day decline of the year so far. The USDJPY pair retains a bearish intraday bias while below the 110.35 level, although buyers could still test towards the 110.90 resistance level. The risk-sensitive pair will likely take direction from US equity markets later today.

• The USDJPY pair is bearish while trading below the 110.35 level, key support is found at the 109.80 and 109.10 levels.

• If the USDJPY pair trades above the 110.35 level, buyers may test towards the 110.90 and 111.20 resistance levels.