The US dollar has moved lower against the Japanese yen currency over bearish trade tension developments. The USDJPY pair reversed from a multi-month trading high, around the 108.48 level, after falling just short of the 108.80 resistance level. Going forward, the USDJPY pair could start to recover higher if sentiment improves during the US session.
The USDJPY pair is bullish while trading above the 107.70 level, key resistance is found at the 108.48 and 108.80 levels.
The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.30 and 106.90 levels.
