The US dollar has fallen below the 110.90 level against the Japanese yen currency, as falling equity prices are forcing investors into safe haven asset classes. The intraday sentiment towards the USDJPY pair is bearish while trading below the 110.90 level, caution is still warranted as the USDJPY pair has recently been unable to find a trending directional.
The USDJPY pair is bearish while trading below the 110.90 level, key support is now found at the 110.10 and 109.65 levels.
If the USDJPY pair moves above the 110.90 level, a correction towards the 111.10 and 111.39 levels cannot be ruled out.
