The US dollar
is under slight downward pressure against the Japanese yen
currency on Thursday as the pair continues to correct lower after finding strong resistance above the 110.60 level. Further losses below the 110.20 support level
should trigger additional intraday weakness towards the psychological 110.00 level. The 110.90 level is now the strongest form of weekly technical resistance for the USDJPY
pair above the 110.60 level.
pair is intraday bullish
while trading above the 110.30 level, key resistance is found at the 110.60 and 110.90 levels.
If the USDJPY
pair trades below the 110.30 level, key intraday support is found at the 110.20 and 110.00 levels.