The US dollar has staged a huge recovery against the Japanese yen currency following the suspension of the latest US trade tariffs on China. The move towards the 106.90 level has provided an excellent swing trade for USDJPY bears, with the 105.00 level a solid target. Only a sustained move above the 106.90 level will start to shift the USDJPY pairs short-term bias to bullish.
The USDJPY pair is only bearish while trading below the 106.90 level, key support is found at the 105.40 and 105.00 levels.
The USDJPY pair is only bullish while trading below the 106.90 level, key technical resistance is found at the 107.30 and 107.60 levels
