The US dollar is attempting to recover above the 106.90 level against the Japanese yen, with the pair appearing to have found an interim price floor. The USDJPY could drift higher towards 107.45 level this week, as initial Sino-US trade talk optimism dominates market sentiment. Overall, the USDJPY pair is technically bearish while trading under the important 106.90 support level.
The USDJPY pair is bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels.
The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 107.70 levels
