USDJPY Still Leaning South

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The US dollar is trading slightly weaker to around 109.37 against the Japanese yen ahead of the G7 meeting this weekend in Canada, where world superpowers are likely to press Donald Trump into a trade-fight dance he plays.

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USDJPY continues to move south and is testing the support at 109.42. If on a 1-hour or 4-hour chart there is a considerable close below it then USDJPY will fall to the next target at 109.17 and 109.00.

On the upside, intraday resistance is now seen at 109.63, 109.87 and 110.00 / 15.

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