The US dollar is trading higher against the Japanese yen currency, following reports that China is ready to negotiate on trade tariffs. Only weakness below the 108.60 support level could provoke further USDJPY technical selling towards the 108.20 level. USDJPY bulls need to hold price above the 109.00 level to help secure further gains towards the 109.30 resistance level.
The USDJPY pair is only bullish while trading above the 108.60 level, key resistance is found at the 109.00 and 109.30 levels.
The USDJPY pair is only bearish while trading below the 108.60 level, key technical support is found at the 108.20 and 107.90 levels
