The US dollar is attempting to move higher against the Japanese yen currency as demand for the greenback returns after early week selling. The short-term recovery in the USDJPY pair remains fairly muted, given the recent decline towards the 110.26 level. Intraday buyers will likely aim for the 110.80 resistance level, while sellers need to break the current weekly trading low to encourage further technical selling.
The USDJPY pair remains bearish while trading below the 110.80 level, key technical support is found at the 110.26 and 109.76 levels.
If the USDJPY pair trades above 110.80 level, buyers may test towards the 111.00 and 111.44 levels.
– advertisement –
Install your trader software at VPS server of one of the super fast providers: |
| |
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market... |
Finance news
 Some states require amended tax returns for $10,200 unemployment tax break refunds10'000 HoursThere are probably a ton of people who got unemployment who rushed to file ... Read More  Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economyFederal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering ... Read More  Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal supportFederal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on "The Quarterly ... Read More |