USDJPY awaiting trade news
The US dollar is holding towards the worst levels of the week against the Japanese yen currency as the pair struggles with the 110.00 resistance level. If sellers move price below the 109.80 level the USDJPY pair could weaken further towards the 109.30 support level. The 110.25 level now offers strong technical resistance if the USDJPY pair start to trade back above the 110.00 level.
The USDJPY pair is heavily bearish while trading below the 110.00, key intraday support is found at the 109.80 and 109.30 levels.
If the USDJPY pair trades above the 110.00 level, key intraday resistance is found at the 110.25 and 110.60 levels.