The US dollar is once again trading testing the 110.00 level against the Japanese yen as global equity markets come under downside pressure. The USDJPY pair has a strong bearish intraday bias while trading below the 110.30 resistance level. The 109.10 level now offers the strongest form of support below the pairs former weekly trading low.
The USDJPY pair is bearish while trading below the 110.30 level, key support is found at the 109.10 and 108.80 levels.
If the USDJPY pair trades above the 110.30 level, buyers may test towards the 110.90 and 111.20 resistance levels.