The US dollar has fallen below the key 110.00 level against the Japanese yen, as the greenback comes under heavy selling pressure. The USDJPY pair moved to a fresh monthly-high, hitting 110.26, before retreating below the pairs key 200-day moving average, at 110.16. Traders look towards the release of key US jobs data and the 93.00 support level on the US dollar index.
The USDJPY pair is intraday bearish below the 110.00 level, key support is found at the 109.40 and 109.00 levels.
Key intraday resistance for the USDJPY pair is currently located at the 110.26 and 110.40 levels.
