Key news updates for USD/JPY
USD/JPY Technical Analysis
109.73 (mentioned last week) is protecting the 110 level, which has psychological significance.
108.52 has provided resistance since early June.
107.18 is next.
106.44 has switched to resistance after USD/JPY lost ground last week.
105.45 is the first line of support.
104.50 is next.
103.52 has held in support since mid-March.
102.27 is the final support level for now.
USD/JPY Daily Chart
I remain neutral on USD/JPY
The US dollar has been struggling, but the yen hasn’t been able to make much progress below the 106 level. With the Japanese economy limping along, there isn’t much to attract investors to the yen.
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