Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 112.25.
111.62 has held in resistance since April. 110.62 is next.
109.73 is an immediate resistance line.
109.35 is a weak support line. 108.70 is next.
108.10 is protecting the round number of 108.
107.30 (mentioned last week) switched to support in early October.
106.61 is next.
105.55 has held in support since late August. It is the final support level for now.
USD/JPY Daily Chart
I remain bullish on USD/JPY
Risk appetite remains strong, supported by the recent trade deal reached between the U.S. and China. This should bolster global growth and could weigh on the safe-haven yen.