The US dollar is now trading below the 112.54 support level against the Japanese yen currency as global equity markets come under heavy selling pressure. The USDJPY pair is heavily bearish while trading below the 112.54 level and may test the 112.00 support level. Buyers now need to move price above the 112.79 level to negate intraday selling pressures on the USDJPY pair.
The USDJPY pair is strongly bearish while trading below the 112.54 level, key technical support is found at the 112.39 and 111.92 levels.
If the USDJPY pair moves back above the 112.54 level, buyers may test the 112.79 and 113.00 resistance levels.
