The US dollar has continued to stage a major rebound against the Japanese yen currency, with the pair testing towards the psychological 110.00 level. An upcoming technical breakout above the 110.20 level could see the USDJPY pair surging towards the 111.00 resistance level. Overall, the USDJPY pair currently has a bullish short-term bias while trading above the 109.70 level.
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.
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.
