The US dollar has moved back towards the best levels of the month against the Japanese yen currency as the greenback moves higher across the board. Bulls may start to target towards the 108.80 level if buyers hold price above the 108.30 technical level. Overall, a breakout above the 109.30 level this week would be extremely bullish for the USDJPY pair over the medium-term.
The USDJPY pair is bullish while trading above the 107.50 level, key resistance is found at the 108.50 and 108.80 levels.
The USDJPY pair is only bearish while trading below the 107.70 level, key technical support is found at the 107.50 and 107.30 levels.
