Key news updates for USD/JPY
USD/JPY Technical Analysis
We start at the round number of 108, an important monthly resistance line.
107.29 (mentioned last week) is protecting the 107 level.
106.44 is next.
105.45 is an immediate support level.
104.50 has some breathing room in support.
103.52 has held in support since March.
102.13 is the final support line for now.
USD/JPY Daily Chart
I remain bullish on USD/JPY
With the US economy showing signs of recovery, the US dollar has plenty of upward momentum. This could translate into gains for USD/JPY this week.
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