The US dollar has a neutral trading bias against the Japanese yen currency, as price continues to test against key trendline resistance. USDJPY bears will likely attempt to break the 108.20 support level if price fails around the 108.60 level. Overall, a larger bearish decline towards the 107.50 support level could be on the horizon for the USDJPY pair.
The USDJPY pair is only bullish while trading above the 108.90 level, key resistance is found at the 109.60 and 110.00 levels.
The USDJPY pair is only bearish while trading below the 108.90 level, key technical support is found at the 108.20 and 107.50 levels.
