USD/JPY Outlook (5 December 2019)

Overall, USD/JPY is moving across. Recently, USD/JPY trended higher after the U.S. and China are said to move closer to a trade deal despite the recent retaliation to each other. Nonetheless, USD/JPY failed to break above the key level of 109.
USD/JPY’s next support level is at 108.000 and the next resistance level is at 109.400.
Look for short-term selling opportunities of USD/JPY.