USDJPY slight bearish bias
The US dollar is under slight downward pressure against the Japanese yen currency on Thursday as the pair continues to correct lower after finding strong resistance above the 110.60 level. Further losses below the 110.20 support level should trigger additional intraday weakness towards the psychological 110.00 level. The 110.90 level is now the strongest form of weekly technical resistance for the USDJPY pair above the 110.60 level.
The USDJPY pair is intraday bullish while trading above the 110.30 level, key resistance is found at the 110.60 and 110.90 levels.
If the USDJPY pair trades below the 110.30 level, key intraday support is found at the 110.20 and 110.00 levels.