USDJPY Pair Adds To Last Week's Strong Gains

USDJPY Pair Adds To Last Week's Strong Gains

 USDJPY Pair Adds To Last Week's Strong Gains

While Japanese yen under pressure of the worries of the recent surge in coronavirus cases in the country, US dollar waits for the US ISM and Powell’s speech. However, upward momentum remains strong in the pair. 

From a technical perspective, if the 109.70 level is passed above, 110.12 and then 110.55 resistance can be tested. Below the 109.26 support, a drop down to 108.90 and then 108.47 can be seen.