The US dollar is trapped in a narrow range against the Japanese yen as bulls and bears continue to battle for control of the pair around the 108.00 level. US data later is likely to set the tone for the USDJPY pair alongside the next move in US stocks. Overall, the USDJPY pair is being supported by positive sentiment surrounding Sino-U.S trade talks next week.
The USDJPY pair is only bearish while trading below the 108.00 level, key support remains at the 107.77 and 107.60 levels.
The USDJPY pair is bullish while trading above the 108.00 level, key technical resistance remains at the 108.23 and 108.37 levels.
