Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 111.69.
110.62 is next.
107.30 is the next support level.
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
The U.S. dollar has emerged as the primary safe-haven asset in the current crisis, outshining the yen. The greenback has performed fairly well despite some appalling job numbers and the outlook for the dollar remains positive.