The U.S dollar has moved higher against the Japanese yen overnight, with price-action now trading well away the fourteen-month trading low set last week. The USDJPY pair currently trades around the 106.75 region, with bullish momentum in the U.S dollar index supported by positive comments on the U.S economy from U.S President Donald Trump. Going forward, the 106.60 level remains the key pivot point traders are watching today, with the next major upside technical hurdle located at the 107.30 level.
The USDJPY pair remains intraday bullish while trading above the 106.60 level, continued buying towards the 107.00 and 107.30 resistance level seems possible.
Should the USDJPY pair move below the 106.60 level, sellers may test towards the 106.40 and 106.10 support regions.