The US dollar has moved to a fresh multi-month trading high against the Japanese yen currency, with the pair so far finding resistance from the 109.60 level. USDJPY bulls now need to hold the 109.30 support level in order to encourage fresh dip-buying interest. The USDJPY pair has turned short-term bullish, with the 110.00 resistance level the overall upside objective for buyers.
The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.60 and 110.0 levels.
The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 108.60 and 108.20 levels.
