Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 110.62.
107.30 remains a weak support level. 106.61 is next.
105.55 has held in support since mid-March.
104.65 is the final support level for now.
USD/JPY Daily Chart
I am neutral on USD/JPY
The Japanese yen has been relatively quiet in the month of May, and even a dismal GDP out of the U.S. in the first quarter didn’t move the pair. Still, the U.S. economy remains better shape than that of Japan, which could help the greenback make inroads against the yen.