USDJPY 109.00 holds
The US dollar has moved back towards the 109.00 support level against the Japanese yen currency as weakness in the greenback forces the pair lower. The USDJPY pair still has the potential to trade back towards the 110.00 resistance level while the 109.00 support level holds. Weakness under the 109.00 level could trigger losses back towards the 108.40 support area.
The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.70 and 110.00 levels.
The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 108.60 and 108.40 levels.