Dollar/yen showed limited movement for a second straight week. In the upcoming week, the focus will be on Japan’s manufacturing data.
Key news updates for USD/JPY
USD/JPY Technical Analysis
We start at the round number of 108, an important monthly resistance line.
107.29 (mentioned last week) is protecting the 107 level.
106.44 is next.
105.45 is an immediate support level.
104.50 is next.
103.52 has held in support since March.
102.13 is the final support line for now.
I am neutral on USD/JPY
With investors continuing to show an appetite for risk, the US dollar and Japanese yen, both of which are safe-haven assets, may face pressure this week.
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