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  • USD/JPY is in consolidation ahead of the BoJ and key events for the week ahead, including the FOMC statement and nonfarm payrolls.  
  • USD/JPY is supported by the daily trendline support and resisted on the wide at the top of the cloud around 113.00 that guards the 200-week moving average at 113.29.
  • The 200-D SMA comes in as a key support below the trendline.  

Spot rate:                  111.02
   
High:                         111.10
Low:                          110.88

Trend:                      Neutral

Resistance 1:           111.50/75
Resistance 2:           113.00 BB, guarding 200-week moving average at 113.29
Resistance 3:            114.73  November 2017 high

Resistance 4:           On the wide, 125.86 comes as the 2015 high

Support 1:                55 day moving average at 110.56.
Support 2:                200 day ma at 110.09.
Support 3:                109.20 (8th June low)