Key news updates for USD/JPY
USD/JPY Technical Analysis
108.52 (mentioned last week) has provided resistance since early June.
107.18 is next.
106.44 remains relevant.
105.45 is an immediate resistance line.
104.50 is the first line of support.
103.52 has held in support since mid-March.
102.27 is the final support level for now.
I remain neutral on USD/JPY
Both the dollar and the yen have struggled, despite their status as safe-haven assets. With the US Congress deadlocked over a stimulus package and the Japanese economy limping along, it could be a quiet week for the pair.
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