The US dollar continues to move higher against the Japanese yen currency, with price earlier finding technical resistance from the 109.76 level. The USDJPY pair currently trades around the 109.60 level, with the US dollar index remaining well bid after a solid Non-farm payrolls number on Friday. Buyers will look for further upside towards the 110.00 level, while sellers will look for losses below the 109.30 level.
The USDJPY pair is intraday bullish while trading above the 109.30 level, further upside towards 110.00 and 110.40 remains possible.
If USDJPY pair moves below the 109.00 level, sellers may test towards the 109.00 and 108.70 support levels.
