Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 110.62.
107.30 is next.
106.61 is fluid, as the pair ended the week on this line.
105.55 is providing support.
104.65 has held in support since early March.
102.50 is the final support line for now.
USD/JPY Daily Chart
I am neutral on USD/JPY
The Japanese yen is considered a reliable safe-haven assets in times of trouble, but investors haven’t given it more preference than the U.S. dollar. USD/JPY has been steady in recent weeks, and this trend could continue in the upcoming week.