Key news updates for USD/JPY
USD/JPY Technical Analysis
With USD/JPY dropping sharply, we start at lower levels:
107.29 (mentioned last week) is protecting the 107 level.
106.44 is next.
105.45 has switched to a resistance line after sharp losses by USD/JPY last week.
104.50 was tested in support late last week. It is a weak line.
103.52 has held in support since March.
102.13 is the final support line for now.
USD/JPY Daily Chart
I remain 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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