Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 112.25.
111.62 was last active in April. 110.62 is next.
109.73 has some breathing room after this week’s losses by USD/JPY. 109.35 is close by.
108.70 is an immediate resistance line. 108.10 is next.
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 neutral on USD/JPY
The U.S. and China have yet to reach an agreement on the trade front, which is keeping risk appetite in check. Any signs of progress in the talks could weigh on the safe-haven yen. The Japanese economy remains weak and the yen is not all that attractive for investors.