Key news updates for USD/JPY
USD/JPY Technical Analysis
We start with resistance at 110.62.
107.30 is an immediate resistance line.
106.61 is providing support. 105.55 is next.
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
Both the Japanese yen and the U.S. dollar are considered to be safe-havens assets in times of trouble, so it’s not altogether surprising that USD/JPY has remained relatively steady since late March. This trend could continue next week.