USDJPY awaiting trade news
The US dollar is trading sideways against the Japanese yen currency, despite the greenback coming under pressure across the board. Traders are now awaiting fresh news on the December 15th trade tariffs from the Trump administration. Playing a breakout from the 108.20 to 109.15 price range currently appears to be the safest trading strategy in the short-term.
The USDJPY pair is only bullish while trading above the 109.15 level, key resistance is found at the 109.30 and 109.60 levels.
The USDJPY pair is only bearish while trading below the 108.20 level, key technical support is found at the 107.50 and 107.00 levels.