Key news updates for USD/JPY
USD/JPY Technical Analysis
108.88 has provided resistance since early June.
107.97 is protecting the 108 line.
107.18 (mentioned last week) is next.
106.44 is an immediate resistance line.
105.45 has switched to a support role after strong gains by USD/JPY last week.
104.50 has some breathing room in support.
103.52 is the final support line for now.
USD/JPY Daily Chart
I am bullish on USD/JPY
The US dollar flexed some muscle last week, as the US economy is showing signs of recovery. With the Japanese economy struggling, the US dollar rally could continue.
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