Dollar/yen continues to show robust movement, as the pair fell 0.75% last week. The focus will be on Japanese inflation indicators, including BoJ Core Inflation, the Bank of Japan’s preferred inflation indicator.
Key news updates for USD/JPY
USD/JPY Technical Analysis
107.92 is an important monthly resistance line.
106.66 has held in resistance since the end of August.
USD/JPY Daily Chart
I am neutral on USD/JPY
Investors have shown an appetite for risk, which has hurt the US dollar. The yen is also a safe-haven asset, so investors may not be all that attracted to the Japanese currency.
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