USDJPY 111.00 still possible
The US dollar is struggling to break above the 110.00 level against the Japanese yen currency as traders remain cautious ahead of the US job report later today. A strong US jobs number could see the USDJPY pair advancing towards the 111.00 resistance level. A weak US jobs number later today could cause the USDJPY pair to decline back towards the 109.35 support level.
The USDJPY pair is only bearish while trading below the 109.70 level, key support is found at the 109.35 and 109.00 levels.
The USDJPY pair is only bullish while trading above the 109.70 level, key resistance is found at the 110.20 and 111.00 levels.