The US dollar
is trading back above the 110.00 level against the Japanese yen
currency following a renewed bid tone surrounding the greenback. If USDJPY
bulls can continue to hold price above the 110.00 level we may see another technical attempt towards the resistance 110.60 level. The 109.66 support level
now becomes the key weekly pivot point
for the USDJPY
pair is only bearish
while trading below the 109.66 level, key support is found at the 109.00 and 108.40 levels.
If the USDJPY
pair holds above the 109.66 level, key intraday resistance is found at the 110.00 and 110.60 levels.