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. 109.35 is close by.
108.70 is providing support. 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 remain bullish on USD/JPY
Weak global demand has taken a toll on the Japanese exports and manufacturing sectors. With expectations that the U.S. and China could reach a trade deal, risk appetite could jump and dampen sentiment for the Japanese yen.