Key news updates for USD/JPY
USD/JPY Technical Analysis
110.63 has been a resistance line since late March.
109.73 (mentioned last week) is protecting the 110 level, which has psychological significance.
108.73 has provided support since early June. 108.26 is next.
107.17 remains relevant as USD/JPY continues to trade close to this line. Currently, it is a weak resistance line.
105.98 has held in support since mid-March.
104.65 has provided support since March.
The round number of 104 is next. It is the final support line for now.
USD/JPY Daily Chart
I am neutral on USD/JPY
The Japanese yen has not veered far from the 107 line in the month of July, and this lack of significant movement could continue, barring some spectacular development.
We could see the lack of direction continue for the pair.
Safe Trading!Get the 5 most predictable currency pairs