The US dollar remains under downside pressure against the Japanese yen on Wednesday, following Monday’s steep drop towards the 110.26 support level. The sentiment surrounding the USDJPY pair is extremely bearish while price trades below the 110.80 level. The 109.76 support level is the most important technical level to watch if the 110.00 support level is broken.
The USDJPY pair is strongly bearish while trading below the 110.80 level, key technical support is now found at the 110.26 and 109.76 levels.
If USDJPY pair trades above the 110.50 level, buyers may test towards the 110.80 and 111.00 levels
