The US dollar has started to turn lower against the Japanese yen currency during the European trading session over renewed fears about the spread of the coronavirus. The 111.50 level if now key support for the USDJPY pair, while the 112.22 level offers key resistance. A break below the 111.50 level could see the USDJPY pair testing back towards the 110.60 support level.
The USDJPY pair is only bearish while trading below the 111.50 level, key support is found at the 111.10 and 110.60 levels.
The USDJPY pair is only bullish while trading above the 111.50 level, key resistance is found at the 112.00 and 112.22 levels.
