Key news updates for USD/JPY
USD/JPY Technical Analysis
109.73, which has held in resistance since the end of May. 109.35 is close by.
108.10 was a swing low in late May.
107.30 has held in resistance since the first week in August.
106.61 remains relevant.
105.55 (mentioned last week) has switched to support after the pair started the week with strong gains.
104.65 is next.
The round number of 104 was a key line in May 2008.
102.50 is the final support line for now.
USD/JPY Daily Chart
I remain bearish on USD/JPY
The trade war between the U.S. and China has escalated significantly, which could dampen investor appetite and boost the safe-haven yen. As well, the strong possibility of further rate cuts by the Fed in 2019 could boost the Japanese currency.