USDJPY moving higher
The US dollar is moving higher against the Japanese yen currency after bearish momentum faded below the pivotal 106.90 support level. If USDJPY bulls can maintain price above the 107.45 level the pair could advance towards at least the 108.00 technical region. Overall, the resumption of Sino-US trade talks later today is likely to decide the overall direction of the USDJPY pair.
The USDJPY pair is only bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels.
The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 108.00 levels