Trump’s comment forced the Dollar lower as he expressed disappointment in higher Federal Reserve interest rates. The US Dollar was trading firmly against most G10 until the comment caused a reversal. The USDJPY was trading firmly above the 113 level but Trump's comments in addition to falling yields could start a new trend of yen strengthening.
The USD/JPY is trading lower due to Trump's comment and broke under the 113 level trading at 112.40 after bouncing from 112.20. A break under this level will be a turning point for the pair and could push it lower towards the 112 level and the 111.40 in extension. On the other hand, a pullback above the 113.80 will lead towards new highs for the year.
Support: 111.40 110.65
Resistance: 113.65 114.30