The US dollar is edging away from the 108.00 resistance level against the Japanese yen currency, ahead of a week of news-driven political risk events for the currency pair. Overall, medium-term USDJPY dip buyers are still in control while the pair trades above the 106.90 support level. The USDJPY pair also looks set to close September with strong gains and a bullish reversal candle on the monthly charts.
The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 106.90 and 106.60 levels.
The USDJPY pair is bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels
