Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 112.25.
111.62 was last active in April. 110.62 is next.
109.73 has held in resistance since the end of May, but is under strong pressure. 109.35 is close by.
108.70 has switched to a support role after gains by USD/JPY last week. 108.10 is next.
107.30 (mentioned last week) switched to support in early October.
106.61 is next.
105.55 has held in support since late August. It is the final support level for now.
USD/JPY Daily Chart
I am neutral on USD/JPY
The U.S. and China have yet to reach an agreement on the trade front, which is keeping risk appetite in check. The Japanese economy remains weak, and it will likely take a rise in risk apprehension in order for the yen to gain ground.