USDJPY bears have regained momentum after hitting 106.10 to 106.20 event level. USDJPY found support around 105.00 area.
The USDJPY pair regained positive traction on the last trading day of the week and is currently placed at the top end of its weekly trading range.
Japanese yen declined slightly after the PMI data from Japan. The USDJPY pair reached a low of 106.39 from the previous high of 106.65.
Japanese yen edges higher following the safe-haven assets ending the day higher amid ruling uncertainty.
The USDJPY pair came under fresh selling pressure and hit fresh session lows near 106.44 in early trades.
In the past 24 hours, the USDJPY pair has dropped sharply to a low of 106.85 in reaction to the Fed and tariff announcements.
The US dollar has broken to the upside against the Yen, following a strong bid in the greenback after the FOMC rate decision.
The USDJPY pair will most likely be volatile over the next days as both the central banks are scheduled to decide about monetary policies.