Key news updates for USD/JPY
USD/JPY Technical Analysis
110.63 has been a resistance line since late March.
109.73 is protecting the 110 level, which has psychological significance.
108.70 (mentioned last week) is next.
108.10 switched to resistance in early June, when USD/JPY fell sharply.
107.30 remains an immediate resistance line.
106.61 is the first line of support.
105.55 has held in support since mid-March. 104.65 is next.
The round number of 104 is next. It is the final support line for now.
USD/JPY Daily Chart
I am neutral on USD/JPY
The Japanese yen continues to drift, as investors have not snapped up the currency despite its reputation as a safe-haven in times of crisis. We could see the lack of direction continue for the pair.
Safe Trading!Get the 5 most predictable currency pairs