USDJPY watching price gap
The US dollar is attempting to recover higher against the Japanese yen currency following the earlier heavy sell-off in the risk-sensitive pair. The opening price gap has yet to close on the charts and currently extends towards the 111.24 resistance level. Overall, the USDJPY pair is still at risk of even greater intraday losses while trade below the pivotal 110.90 resistance level.
The USDJPY pair is heavily bearish while trading below the 110.90, key intraday support is found at the 110.40 and 110.00 levels.
If the USDJPY pair trades above the 110.90 level, key intraday resistance remains at the 111.24 and 111.60 levels.