Dollar/yen showed little movement for a second straight week, as the pair closed the week slightly above the 104 level. In the upcoming week, we’ll get a look at consumer data, with the release of Average Cash Earnings and Household Spending, as well as GDP.
Key news updates for USD/JPY
USD/JPY Technical Analysis
107.02 (mentioned last week) is an important monthly resistance line.
105.84 is next.
104.94 switched to a resistance role in mid-November, as the yen posted a strong rally.
104.11 is an immediate support line.
103.28 is next.
102.13 has provided support since March.
101.52 has held since March.
99.98 is the final support line for now.
USD/JPY Daily Chart
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