The US dollar has regained its short-term bullish bias against the Japanese yen currency as the pair recovers its former weekly losses. The USDJPY pair is being boosted by positive sentiment, as reports surface that Sino-US trade talks will begin next Thursday. Overall, a sustained move above the 107.00 resistance level opens-the-door for further gains towards the 108.00 level.
The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 107.00 and 108.00 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.00 levels.