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. . USD/JPY fundamental mover Japan’s GDP declined by 7.8% in Q2, but rebounded in Q3 and posted a gain of 5.0%. Inflation remains at low levels, as National Core CPI came in at -0.7%. The index last posted a gain in March. In the US, the Empire State Manufacturing Index fell from 10.5 to 6.3, as the rate of expansion slowed for a second straight month. The Philly Fed Manufacturing Index fell to 26.3, down from 32.3 points. Retail sales fell sharply in October, which weighed on the US dollar. Headline retail sales fell from 1.9% to 0.3%. This was the weakest gain since April. The core reading slowed to 0.2%, down from 1.5% beforehand. See all the main events in the Forex Weekly Outlook Key news updates for USD/JPY Updates: USD/JPY Technical Analysis 107.92 is an important monthly resistance line. 106.66 has held in resistance since the end of August. 105.52 (mentioned last week) is next. 104.11 remains a weak resistance line. 103.52 is the first support level. 102.13 has provided support since March. 101.51 is the final support line for now. . USD/JPY Daily Chart USD/JPY Sentiment 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. Follow us on Sticher or iTunes Further reading: EUR/USD forecast – for everything related to the euro. GBP/USD forecast – Pound/dollar projections. AUD/USD forecast – analysis for the Aussie dollar. USD/CAD forecast – Canadian dollar predictions. Forex+ weekly forecast – Outlook for the major events of the week. Safe Trading! Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. MajorsUSD JPY ForecastWeekly Forex Forecasts share Read Next When is the New Zealand Q3 retail sales data and how could it affect NZD/USD? FX Street 11 months 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. . USD/JPY fundamental mover Japan's GDP declined by 7.8% in Q2, but rebounded in Q3 and posted a gain of 5.0%. Inflation remains at low levels, as National Core CPI came in at -0.7%. The index last… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.