- US Dollar is resuming a steady uptrend against the Japanese Yen.
- Bullish action may get capped off at the May high; technical pullback could occur through Tuesday as hourly indicators roll over in overbought territory.
- Swings in market sentiment to dictate the week’s action ahead of Friday’s US NFP reading.
| Spot rate: | 110.84 |
| Relative change: | -0.03% |
| High: | 110.89 |
| Low: | 110.79 |
| Trend: | Bullish |
| Support 1: | 110.41 (S1 daily pivot) |
| Support 2: | 110.00 (major technical level) |
| Support 3: | 109.36 (technical bottom) |
| Resistance 1: | 111.06 (previous day high) |
| Resistance 2: | 111.27 (R2 daily pivot) |
| Resistance 3: | 111.39 (May high) |
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