The US dollar has remained under pressure against the Japanese yen currency during the European trading session as the pair trades towards the 107.50 support level. A sustained break under the 106.80 level could see the USDJPY pair targeting the 105.85 support level. Overall, technical selling towards the USDJPY pair could increase as the greenback continues to weaken.
The USDJPY pair is only bearish while trading below the 108.35 level, key support is found at the 107.60 and 106.80 levels.
The USDJPY pair is only bullish while trading above the 108.35 level, key resistance is found at the 109.00 and 109.30 levels.
