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.