The US dollar is trading in a narrow range against the Japanese yen as the pair awaits the outcome of US President Trump’s impeachment hearing. The USDJPY pair is sensitive to risk and could fall sharply lower if President Trump is found guilty later today. The key downside support levels to watch for the USDJPY pair are currently located at the 109.15 and 108.20 areas.
The USDJPY pair is only bullish while trading above the 109.15 level, key resistance is found at the 109.70 and 110.20 levels.
The USDJPY pair is only bearish while trading below the 109.15 level, key technical support is found at the 108.60 and 108.20 levels.
