USD/JPY pair in the early US session has paused to trade around 110.35 levels, having declined down earlier towards 110.22 during the previous European session. The pair is trading a few pips above its daily opening, mai…
USD/JPY pair in the early US session has paused to trade around 110.35 levels, having declined down earlier towards 110.22 during the previous European session. The pair is trading a few pips above its daily opening, maintaining its overall bearish tone intact.
Investors are awaiting the release of the minutes of the Federal Reserve's march policy meetings, due later in the session to gauge the outlook of US central bank’s monetary policy
To the upside, the strong resistance can be seen at 110.75, a break above this level would take the pair all the way towards 111.00 levels.
To the downside immediate support can be seen 110.25, a break below this level will take the pair to next level at 110.10.
