The US dollar is attempting to move higher against the Japanese yen in early Monday trade, following bullish comments from US President Donald Trump over Sino-US trade talks. The USDJPY pair may advance towards the 110.80 resistance level if the intraday recovery continues. Overall, the trend for the USDJPY pair remains bearish, with the 110.13 level now the key support level to watch.
- The USDJPY pair remains bearish while trading below the 110.80 level, key technical support is found at the 110.13 and 109.76 levels.
- If USDJPY pair trades above the 110.80 level, buyers may then test towards the 111.35 and 111.60 resistance levels.
