The U.S dollar has continued to slide against the Japanese yen during the European trading session, with price-action falling to a new weekly trading-low around the 105.60 level. Selling momentum is building around the pair, with medium-term USDJPY bears eyeing further intraday losses below the 105.50 level. Traders now look to the release of the Jolts job opening report, which remains a key measure of United States employment the U.S Federal Reserve monitor closely.
The USDJPY pair is likely to experience further losses below the 105.50 level, with key support then found at the 105.22 and 104.60 levels.
If the USDJPY pair moves back above the 105.77 resistance level, buyers may move price-action back towards the pivotal 106.00 level.
