The US dollar has moved back towards the key 110.00 level against the Japanese yen currency, as the greenback recovers Friday’s heavy losses. The USDJPY pair was met with strong buying interest from the 109.40 level earlier today, after finding support from the 109.19 level. USDJPY buyers will look for further upside above the 110.00 level, while sellers will try to push the price back below the 109.60 support level.
The USDJPY pair is intraday bullish while trading above the 109.60 level, key resistance is found at the 110.26 and 110.48 levels.
If the USDJPY pair falls below the 109.60 level, key intraday support is found at the 109.19 and 109.00 levels.
