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Key news updates for USD/JPY
USD/JPY Technical Analysis
112.73 was an important resistance line in October.
112.25 has held in resistance since December.
111.69 was the high point of the current slide which started in early May. 111.15 follows.
110.40 (mentioned last week), is the next resistance line.
109.73 remained relevant during the week.
109.35 is the next resistance line.
The pair broke through 108.70 late in the week.
108.10 was a swing low in late May.
107.50 capped the pair in early April.
106.61 is next.
105.55 is the final support level for now.
USD/JPY Daily Chart
I remain neutral on USD/JPY
With no trade negotiations scheduled between the U.S. and China, the trade war may stay in a holding pattern. Risk appetite remains fragile, and the yen remains an attractive asset for nervous investors. The U.S. economy is performing well, but the Fed message of a possible rate cut could weigh on the greenback.