The US dollar remains technically bearish against the Japanese yen currency as price is repeatedly pushed lower from above the 106.50 level. Huge moves in global bond markets are creating pockets of volatility in the USDJPY pair, which are provoking brief counter-moves higher. Overall, selling any moves back towards the 106.90 level is working, with USDJPY momentum still remaining to the downside.
The USDJPY pair is bearish while trading below the 106.90 level, key support is found at the 105.40 and 105.00 levels.
The USDJPY pair is only bullish while trading below the 106.90 level, key technical resistance is found at the 107.30 and 107.60 levels
