The U.S dollar has moved above the 112 level against the Japanese Yen, hitting 112.30 during the Asian session, as the U.S dollar index strengthens across the board. The USDJP pair now awaits the London market open, where traders will watch further buying around the 93 mark in the U.S dollar index.
If the USDJPY can hold price-action above the 112 level, further bullish advancement towards the 112.30, 112.57 and 112.90 level can be seen.
Should the USDJPY pair slip below the 112 level, further declines towards 111.89, 111.79, 111.64 and 111.40 can be seen.
