Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 110.62.
107.30 remains an immediate support level. It could see action early next week.
106.61 has held in support since mid-March. 105.55 follows.
104.65 is the final support line for now.
USD/JPY Daily Chart
I remain bullish on USD/JPY
Corvid-19 has ravaged the world economy, but investors remain optimistic that the U.S. will be able to rebound more quickly that other countries. This bodes well for the U.S. dollar against its major rivals.