Key news updates for USD/JPY
USD/JPY Technical Analysis
With USD/JPY posting sharp losses, we start at lower levels:
110.62 remains relevant as USD/JPY continues to show volatility.
107.30 is providing support. 106.61 is next.
105.55 was tested in March. It has some breathing room in support.
104.65 is the final support line for now.
I remain bearish on USD/JPY
The Japanese yen has been unable to capitalize on the CORVID-19 crisis, despite its reputation as a safe-haven in times of trouble. The greenback took a hit last week due to jobless claims, but the outlook for the dollar remains positive.