The US dollar is trading lower against the Japanese yen, ahead of the release of the US Nonfarm Payrolls job report for the month of October. Price has once again been rejected from the 113.00 level, with the intraday bias surrounding the USDJPY pair strongly bearish while price trades below the 112.87 level. A clear loss of the 112.45 support level exposes the USDJPY pair to further technical selling towards 111.30, while the 113.40 level is the key breakout level to watch to the upside.
The USDJPY pair is strongly bearish while trading below the 112.87 level, key support is now found at the 112.45 and 111.30 levels.
If the USDJPY pair trades above the 112.87 level, buyers are likely to test the 113.40 and 113.90 resistance levels.
