Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 110.62.
107.30 is 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.
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 held its own against the yen in March and April, despite dismal economic data in the U.S.