The US dollar is starting to test towards the 110.00 resistance level against the Japanese yen, as buyers look to take the pair higher. Going forward, a breakout above the 110.20 resistance level could expose a further bullish move towards the 111.00 level. Looking at the downside, only a breakout under the 109.70 support level would concern short-term USDJPY buyers at this stage.
The USDJPY pair is only bullish while trading above the 109.70 level, key resistance is found at the 110.20 and 111.00 levels.
The USDJPY pair is only bearish while trading below the 109.70 level, key support is found at the 109.30 and 109.00 levels.
