USDJPY 109.90 support

The US dollar is attempting to stage a recovery against the Japanese yen after the pair found strong support from the 109.90 level. The 110.70 level is currently a possibly upside target if the USDJPY pair advanced above the 110.50 resistance area. Overall, continued defense of the 109.90 level may provoke a stronger bounce back towards the 111.00 resistance level.

• The USDJPY pair is only bearish while trading below the 110.70 level, key support is found at the 110.30 and 109.90 levels. 

• The USDJPY pair is only bullish while trading above the 110.70 level, key resistance is found at the 111.00 and 111.50 levels.