The US dollar is under slight downside pressure against the Japanese yen currency as tensions between the US and China are causing traders to move into safe-haven currencies. Repeated failure to move price above the 108.00 level is also weighing on the USDJPY pair technically. If sellers break the 107.50 support level, then the USDJPY pair could fall towards the 107.30 level.
The USDJPY pair is only bullish while trading above the 107.30 level, key resistance is found at the 108.00 and 108.30 levels
The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 106.90 and 106.03 levels.
