The US dollar has resumed its recent downtrend against the Japanese yen currency during the European trading session, with the pair falling to a fresh December trading low. The USDJPY pair is heavily bearish while trading below the 110.13 support level, a continuation of the down move under the psychological 110.00 level will likely trigger heavy technical selling in the pair.
- The USDJPY pair is heavily bearish while trading below the 110.13 level, key technical support is now found at the 110.00 and 109.76 levels.
- If USDJPY pair trades above the 110.13 level, buyers may test towards the 110.48 and 110.80 resistance levels.
