Key news updates for USD/JPY
USD/JPY Technical Analysis
109.73 (mentioned last week) is protecting the 110 level, which has psychological significance.
108.30 has provided resistance since early June.
107.22 is next.
106.05 is providing support.
105.13 is next.
104.29 has some breathing room in support.
103.52 is the final support line for now.
USD/JPY Daily Chart
I remain neutral on USD/JPY
Both the US dollar and the Japanese yen are safe-haven assets, but investors have shown a surprising sentiment towards riskier currencies, despite the Covid-19 pandemic. If this trend continues, it could be a quiet week for the pair.
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