The US Dollar continues its downside momentum against the Japanese Yen as the minor trend is currently down and the RSI is also pointing lower signaling further weakness ahead with ¥108.40 as nearest support level. However, the USD/JPY pair is currently trading on the bullish side of the major retracement zone and therefore buyers will most likely start buying dips going forward as the long-term trend is still up.
Support: 108.40 / 108
Resistance: 108.90 / 109.20
