Key news updates for USD/JPY
USD/JPY Technical Analysis
109.73 (mentioned last week) is protecting the 110 level, which has psychological significance.
108.30 has provided resistance since early June.
107.22 is next.
106.05 was tested throughout the week.
105.13 is providing support.
104.29 is next.
103.52 was last tested in early March.
102.27 is the final support line for now.
USD/JPY Daily Chart
I remain neutral on USD/JPY
The US dollar continues to struggle to find its feet, as the US struggles with the Covid-19 pandemic. At the same time, there are signs of recovery in the US, such as employment and manufacturing.
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