USDJPY short-term sentiment shifts towards sellers

The USDJPY pair has seen a shift in short-term sentiment towards sellers, as the pair has failed to break above the 110.00 level. The pair has been trading in a narrow range between 109.50 and 110.00, and the failure to break above the key resistance level suggests that the sellers are gaining control.

The short-term sentiment is also supported by the technical indicators, as the pair is trading below the 50-day moving average and the RSI is showing a bearish divergence. This suggests that the pair could see further downside in the near term.

The key support level to watch is at 109.50, and a break below this level could open the door for a move towards the 109.00 level. On the upside, the 110.00 level remains a key resistance, and a break above this level could shift the sentiment back towards the buyers.

Overall, the short-term sentiment for the USDJPY pair has shifted towards the sellers, and traders should watch for a potential break below the 109.50 level for further downside momentum.