USDJPY weekly close in focus

The US dollar has slipped back under the 106.00 level against the Japanese yen currency as traders continue to sell moves higher in the pair. The weekly close in now in focus for the USDJPY pair, with the 105.40 level the key area to watch for a bearish signal. Overall, continued intraday weakness should be expected while the USDJPY pair holds below the pivotal 106.00 level.

• The USDJPY pair is bearish while trading below the 106.00 level, key support is found at the 105.40 and 105.00 levels.

• The USDJPY pair is only bullish while trading below the 106.00 level, key technical resistance is found at the 106.60 and 106.90 levels.