Dollar/yen was almost unchanged last week. In the upcoming week, the focus will be on Japanese consumer releases. Analysts are braced for declines from Average Cash Earnings and Household Spending.
Key news updates for USD/JPY
USD/JPY Technical Analysis
107.88 is an important monthly resistance line.
107.29 (mentioned last week) is protecting the 107 level.
106.66 has held in resistance since the end of August.
105.52 is next.
104.11 is the first support level.
103.52 has held in support since March.
102.13 is the final support line for now.
I am neutral on USD/JPY
The US election will take center stage next week, and traders should be prepared for volatility on the currency markets. However, as the dollar and the yen are both safe-haven assets, USD/JPY movement could be limited.
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