Key news updates for USD/JPY
USD/JPY Technical Analysis
108.88 has provided resistance since early June.
108.02 is next.
107.29 (mentioned last week) is protecting the 107 level.
106.44 remains a weak resistance line.
105.45 is the first support level.
104.50 has provided support since late July.
103.52 is the final support line for now.
USD/JPY Daily Chart
I am bullish on USD/JPY
With the US economy showing signs of recovery, sentiment towards the US dollar has increased. This could translate into gains for USD/JPY this week.
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